Intel said on April 5, 2022 that it had suspended all business operations in Russia.
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Check out the companies making headlines before the bell rings:
intel – The chipmaker subsequently lost 9% in its shares in morning trade latest financial results Recalled and shown analysts’ estimates significant decline In the company’s sales, profit and gross margin. The company has also projected a loss in the current quarter.
Advanced Micro Devices Chip stocks such as Advanced Micro Devices fell as a group following Intel’s results. Shares of Advanced Micro Devices declined about 2.4%, while shares of Nvidia and Micro declined about 1.5% each.
purlin Shares declined more than 1% after Chevron reported its latest earnings results. The oil producer missed earnings expectations but topped revenue forecasts, according to consensus estimates from Refinitiv. Shares were up on Thursday after Chevron raised its dividend and announced a buyback plan.
American Express Shares of the credit card company rose 5% despite weaker-than-expected fourth-quarter results. American Express reported $2.07 in earnings per share on revenue of $14.18 billion. Analysts polled by Refinitiv were looking for $2.22 per share on revenue of $14.2 billion. However, American Express’ guidance for 2023 was better than expected for earnings and revenue. Additionally, AMEX said it would increase its dividend by 15%.
Ralph Lauren – Shares fell more than 3% after BMO Capital Markets downgrade Stock to underperform. The investment firm said that Ralph Lauren’s recent rally has gone too far.
chewer — Chevy shares climbed more than 4% after Wedbush upgraded the stock to outperform from neutral.
Silvergate Capital Crypto businesses from the bank declined by nearly 8% after the company suspended payments on its Series A preferred stock dividend in an effort to preserve capital as it navigates recent crypto market volatility. The stock has been falling since November after crypto exchange FTX, for which Silvergate held deposits, fell into scandal.
Visa — The payments network operator reported strong financial results for its most recent quarter, including adjusted earnings per share of $2.18 and revenue of $7.94 billion. Analysts expected $2.01 per share in adjusted earnings and $7.70 billion in revenue, according to Refinitiv. Visa shares rose about 1% in premarket trading.
hasbro Shares of the toy maker fell more than 5% after the company said Eliminate approximately 1,000 employee positions and warned of weak holiday-quarter results. The layoffs of about 15% of its global workforce come as the company seeks to save between $250 million and $300 million annually through the end of 2025.
kla Chip maker KLA Corporation slumped nearly 4.6% after issuing weaker-than-expected guidance for its fiscal third quarter. Otherwise, KLA beat earnings and revenue expectations.
— CNBC’s Tanya Machil, Yun Lee and Jesse Pound contributed reporting