was falling 11% after the semiconductor company issued a revenue forecast for the first quarter that was significantly below analysts’ expectations. Intel said it expects revenue in the period of $12.2 billion to $13.2 billion, below consensus of $14.2 billion. The company forecast adjusted earnings in the first quarter of 13 cents a share, below analysts’ estimates of 34 cents. Chief Executive Pat Gelsinger said Intel’s forecast was taking a hit from struggles in the company’s programmable-chip unit and its autonomous-driving business.
Shares of other chip makers traded mixed.
rose 0.4%,
was up slightly,
declined 1.1%, and
fell 1%.
reported fourth-quarter earnings of $2.62 a share on revenue of $15.8 billion. The company said it expects revenue in 2024 to increase 9% to 11% with earnings of $12.65 to $13.15 a share.
said demand for its premium products “remained robust.” Shares rose 8.8%.
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reported adjusted first-quarter earnings of $2.41 a share, better than forecasts of $2.34 as revenue rose 9% to $8.63 billion.
said payments volume rose 8% and processed transactions rose 9% in the period. The company reiterated its revenue and per-share profit forecast for the fiscal year. The stock was down 1.4%.
dropped 16% after
warned it may have to terminate its merger with the budget carrier if certain closing conditions weren’t met. A federal judge blocked their planned merger earlier this month but the airlines had said they planned to appeal. JetBlue rose 1.3%.
reported a fiscal second-quarter adjusted loss of 69 cents a share, narrower than analysts’ estimates that called for a loss of $1.12. Revenue fell 2% to $3.03 billion from $3.11 billion in the year-earlier quarter. Cloud revenue fell 13%.
issued third-quarter sales guidance of $3.2 billion to $3.4 billion, compared with analysts’ expectations of $3.15 billion. Shares declined 2%.
which makes equipment for the semiconductor industry, reported fiscal second-quarter profit of $582.5 million, or $4.28 a share, compared with $978.8 million, or $6.89 a share, a year earlier. Revenue fell to $2.49 billion from $2.98 billion a year earlier.
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said it expects fiscal third-quarter revenue of $2.3 billion, plus or minus $125 million, versus expectations of $2.45 billion. KLA shares declined 4.7%.
‘s fourth-quarter earnings missed analysts’ estimates but the stock was up 1.3%. The telecommunications company added 934,000 postpaid phone subscribers in the quarter, more than the 927,000 it added a year earlier and higher than analysts’ estimates of 878,000.
fell 12% on Thursday to $182.63, the stock’s largest percent decrease since Jan. 3, 2023, after the electric-vehicle maker warned of slowing growth in 2024.
was rising 1.5% to $185.32 on Friday.
was raised to Buy from Hold at
and the price target was raised to $19 from $10. Shares of the
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parent rose 1.6% to $16.55.
Write to Joe Woelfel at joseph.woelfel@barrons.com
