After-hours buzz: INTC, WBMD, ADI & more
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Intel shares fell in extended trading, even though the tech giant topped analysts’ expectations in its earnings announcement. The company posted fiscal fourth-quarter earnings of 74 cents per share on $14.9 billion in revenue. Analysts expected Intel to post earnings of 63 cents per share on $14.8 billion in revenue, according to a consensus estimate from Thomson Reuters. “Our results for the fourth quarter marked a strong finish to the year and were consistent with expectations,” said Intel CEO Brian Krzanich in a statement.
WebMD dipped slightly after the bell. Shares of the online health-care information website hit a new 52-week high on Thursday before falling on takeover talk denial. “In light of recent news reports, the company is reporting that it is not currently in any negotiations to be acquired,” WebMD said in a statement.
Micron Technology also saw similar movement after hours. This month, the chipmaker announced that President Mark Adams will resign for personal health reasons effective Feb. 1.
Analog Devices dropped in after-hours trading. The electronic parts company lowered its revenue guidance for its fiscal first quarter, saying expected revenue is now in the range of $745 million to $765 million compared to the company’s previous forecast of $805 million to $855 million.
Shares of GoPro fell modestly after the bell Thursday.The high-definition camera maker’s stock was under pressure this week after the company gave weaker-than-expected fourth-quarter guidance on Wednesday and said it would cut 7 percent of its workforce.
[“source -pcworld”]
