© REUTERS After-hours movers: Intel sinks after delicate forecast, and extra
After-Hours Inventory Movers:
Intel (NASDAQ:) inventory fell 8.8% regardless of reporting strong outcomes to finish 2023. The chipmaker’s forecast for the primary quarter of 2024 was considerably weaker than traders had been anticipating.
KLA Company (KLAC) inventory fell 5% after its forecast for the third quarter failed to fulfill expectations, regardless of sturdy second quarter outcomes.
Western Digital (NASDAQ:) declined 6% regardless of reporting a smaller than anticipated loss for the quarter and issuing steering that topped consensus. Its inventory climbed within the days main as much as the print.
PTC Therapeutics, Inc. (NASDAQ:) declined 12% after it introduced that Committee for Medicinal Merchandise for Human Use (CHMP) of the European Medicines Company (EMA) issued a destructive opinion following the re-examination process for the conditional advertising and marketing authorization of Translarna.
Tellurian (NYSE:) inventory climbed 11% following a report from Bloomberg that stated the LNG developer employed Lazard to discover a possible sale.
Levi (LEVI) shares declined 2.6% after it issued 2024 steering that missed estimates and introduced plans for a ten% to fifteen% discount of its world company workforce.
L3Harris Applied sciences (NYSE:) inventory declined 3% after its forecast for 2024 got here in weaker than anticipated, regardless of sturdy fourth quarter outcomes.
Visa (NYSE:) shares fell 2.8% after it reported quarterly outcomes. EPS beat consensus however it wasn’t sufficient to impress traders. Funds quantity for the three months ended December 31, 2023 elevated 8% over the prior 12 months on a constant-dollar foundation.
By Louis Juricic