Shares Making the Greatest Strikes by the Hour: Intel, Mattel, Gilead Sciences & Extra
A visitor to Intel Artificial Intelligence (AI) Day walks past a sign during the event in Bangalore, India
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Take a look at the companies that hit the headlines on Thursday after hours:
Intel – Intel shares fell 10% after the bell on mixed results for the company’s third fiscal quarter. The chip maker reported adjusted earnings per share of $ 1.11 on a refinitive estimate. Intel’s quarterly sales were slightly above expectations. However, revenue for the company’s data center group was $ 5.91 billion, below a FactSet estimate of $ 6.21 billion.
Mattel – The toy maker’s shares rose roughly 8% after the company posted significantly better-than-expected results in the previous quarter. Mattel reported earnings per share of 95 cents on sales of $ 1.63 billion. According to Refinitiv, analysts expected earnings of 39 cents per share on sales of 1.46 billion US dollars. The company’s results were due in part to strong sales in the Dolls division.
Gilead Sciences – Gilead rose more than 3% after the Food and Drug Administration approved the company’s remdesivir drug to treat the coronavirus.
Robert Half International – The personnel company’s shares rose 0.3% after releasing stronger-than-forecast quarterly earnings. Robert Half reported earnings per share of 67 cents, beating a FactSet estimate of 58 cents per share. “We are delighted that our third quarter and early October results reflect consistent weekly and monthly sequential gains across our businesses,” said CEO M. Keith Waddell in a statement.
Seagate Technology – The data storage company saw stocks decline more than 5% after posting mixed results for the previous quarter. Seagate posted earnings of 93 cents per share, beating a refinitive estimate. However, the company’s revenue of $ 2.31 billion fell short of analysts’ expectations.