Intel announced on April 5, 2022 that it has ceased all business operations in Russia.
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Check out the companies making headlines before the bell.
intel — The chip maker suffered a 9% loss in early morning trading after the stock market crash. Latest financial results missed and indicated analyst estimates big drop Company sales, profit and gross margin. The company also forecasts a loss for the quarter.
Advanced Micro Devices — Chip stocks such as Advanced Micro Devices fell across the group after Intel’s results. Advanced Micro Devices stock fell nearly 2.4% for him, while Nvidia and Micro stocks dropped about 1.5% each.
chevron — Shares fell more than 1% after Chevron announced its latest earnings. Refinitiv consensus estimates show oil producers underperforming earnings expectations but surpassing earnings expectations. Shares rose on Thursday after Chevron raised its dividend and announced a buyback plan.
american express — Shares of credit card companies rose 5% despite disappointing fourth quarter results. American Express reported he earned $2.07 per share on revenue of $14.18 billion. An analyst surveyed by Refinitiv said he was seeking $2.22 per share on earnings of $14.22 billion. However, American Express guidance for 2023 was better than expected in terms of profits and earnings. Also, AMEX announced that he will increase the dividend by 15%.
ralph lauren — Shares fell more than 3% after BMO Capital Markets Downgraded Stocks that underperform. The investment firm said Ralph Lauren’s recent rally was overdone.
crunchy — Chewy’s stock rose more than 4% after Wedbush took it from neutral to outperforming.
silvergate capital — Bank-to-crypto business fell about 8% after the company stopped paying a Series A preferred stock dividend to preserve capital as it weathered recent crypto market volatility. Shares have been declining since November after the FTX cryptocurrency exchange, where Silvergate held deposits, collapsed in a scandal.
visa — The payment network operator reported strong financial results in the most recent quarter, including adjusted earnings per share of $2.18 and revenue of $7.94 billion. Analysts had expected adjusted earnings of $2.01 per share and earnings of $7.7 billion, according to Refinitiv. Visa shares rose about 1% in premarket trading.
Hasbro — The toy maker’s share price fell more than 5% after the company said it would Approximately 1,000 employee positions cut He warned of a weak holiday quarter. The company is laying off about 15% of its global workforce as it aims to save $300 million from $250 million a year by the end of 2025.
KLA — Chip maker KLA Corporation fell about 4.6% after weaker-than-expected third-quarter forward guidance. Otherwise, KLA beat earnings and earnings expectations.
— CNBC’s Tanaya Macheel, Yun Li, and Jesse Pound contributed to the report
