The logo of Intel Corporation is seen at a temporary office during the World Economic Forum 2022 (WEF) at the alpine resort of Davos, Switzerland, on May 25, 2022.
Arndt Wigman Reuters
Check out the companies making headlines in after-hours trading.
intel — Intel shares plunged 8.2% after the company Reported earnings that missed the top and bottom lines, The company reported adjusted earnings of 10 cents per share on $14.04 billion in revenue, where analysts expected 20 cents per share on revenue of $14.46 billion, per Refinitiv. Intel also gave weak guidance, forecasting a net loss in the first quarter.
Visa — Visa shares rose 1.5% after the company reported missing earnings. The digital payments company reported adjusted earnings of $2.18 per share and $7.94 billion in revenue, beating Wall Street’s expectations of $2.01 in adjusted earnings per share and $7.70 billion in revenue per Refinitiv.
hasbro Shares plunged 7.8% after the toymaker’s announcement it was cutting about 1,000 jobs, or 15% of its employees. The company also warned of a weak fourth quarter.
KLA Corporation — Shares of semiconductor maker KLA Corporation declined 4.9%, according to Refinitiv, even though the company reported earnings that beat analysts’ expectations on the top and bottom lines. The company gave forward guidance that was weaker than expected for its fiscal third quarter, which weighed on shares.