© REUTERS After-hours moves: Intel falls on weak forecast, more
After-hours stock movers:
Intel (NASDAQ:) stock fell 8.8% despite reporting strong financial results through the end of 2023. The chipmaker's forecast for the first quarter of 2024 was significantly lower than investors had expected.
KLA Corporation (KLAC) shares fell 5% after the company's outlook for the third quarter fell short of expectations despite strong second quarter results.
western digital (NASDAQ:) fell 6% despite reporting a smaller-than-expected loss for the quarter and issuing above-consensus guidance. The company's stock price rose in the days leading up to print.
PTC Therapeutics (NASDAQ:) announced that the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) has issued a negative opinion following the review process for its conditional marketing authorization. , down 12%. Translana.
Shares of Tellurian (NYSE:) rose 11% following a Bloomberg report that the LNG developer hired Lazard to explore a potential sale.
Levi's (LEVI) stock fell 2.6% after the company released lower-than-expected 2024 guidance and announced plans to reduce the company's global workforce by 10% to 15%.
L3Harris Technologies (NYSE:) stock fell 3% after the company reported a weaker-than-expected outlook for 2024 despite strong fourth-quarter results.
Visa (NYSE:) stock fell 2.8% after the company released its quarterly results. EPS beat consensus, but it wasn't enough to impress investors. Payments for the three months ended December 31, 2023 increased 8% year over year on a constant dollar basis.
Written by Louis Jurisic
