Intel Struggles amid Uncertain Demand, Plunges 11%
Intel (NASDAQ:INTC) stock experienced an 11% decline after the chipmaker provided a pessimistic revenue outlook for the first quarter. The company is currently grappling with uncertain demand in traditional computing markets and striving to catch up in the AI race.
Visa Offers Tepid Revenue Growth Forecast, Shares Dip 1.6%
Shares of Visa (NYSE:V) dropped 1.6% as the credit card giant offered a lackluster forecast for current-quarter revenue growth, overshadowing a positive earnings report that surpassed market expectations.
American Express Beats Profit Expectations, Surges 7.2%
American Express (NYSE:AXP) stock rose by 7.2% after the credit card giant exceeded full-year profit projections, despite raising its loan loss provisions in preparation for a potential surge in loan defaults.
Tesla Bounces Back, Gains 1.1% Following Recall
Tesla (NASDAQ:TSLA) rebounded with a 1.1% increase after a previous dip. The electric vehicle manufacturer is recalling roughly 200,000 Model S, X, and Y vehicles in the U.S. due to a software malfunction that interferes with driver visibility while reversing.
Colgate-Palmolive Surpasses Expectations, Stock Rises 2.3%
Colgate-Palmolive (NYSE:CL) saw its stock rise by 2.3% as the consumer goods company’s fourth-quarter profits exceeded expectations. CEO Noel Wallace highlighted the company’s investment in brand-building, leveraging their strong margin performance.
KLA Corporation Misses Guidance, Stock Declines 6%
KLA Corporation (KLAC) experienced a 6% decline after posting conservative revenue and earnings per share guidance for the fiscal third quarter. The chipmaking tools manufacturer fell short of market expectations.
Western Digital Posts Wider-Than-Expected Loss, Shares Slide 3.4%
Western Digital (NASDAQ:WDC) reported a larger-than-anticipated quarterly adjusted loss, resulting from structural changes in its flash and HDD businesses. Consequently, the data-storage products maker witnessed a 3.4% decline in stock prices.
T-Mobile US Misses Profit Target, Stock Gains 1% on Positive Outlook
T-Mobile US (NASDAQ:TMUS) stock rose by 1% despite missing its fourth-quarter profit target. The wireless carrier projects higher monthly bill-paying phone subscriber growth for the year, relying on its expansive 5G coverage and promotional offers to attract consumers. The company also benefited from gains in Bitcoin.
AppFolio Surges 27% after Impressive Q4 Results
AppFolio (NASDAQ:APPF) stock skyrocketed by 27% following the application software company’s exceptional fourth-quarter results, which surpassed consensus estimates.
Olin Corp Beats Expectations, Shares Rise 7%
Olin Corp (NYSE:OLN) experienced a 7% increase in stock prices as the chemical products company exceeded expectations despite the challenging economic environment.
Spirit Airlines Plummets 12% as Merger Agreement Uncertainty Arises
Spirit Airlines (NYSE:SAVE) stock tumbled by 12% following JetBlue Airways’ (NASDAQ:JBLU) statement in a filing that their merger agreement “may be terminable.” The declaration raised uncertainty surrounding the merger and affected Spirit Airlines’ share performance.
Strong Results from Sartorius AG Boost Danaher and Thermo Fisher Scientific Stocks
Danaher (NYSE:DHR) experienced a 5.5% increase in stock prices and Thermo Fisher Scientific (NYSE:TMO) rose by 3.1% as laboratory tool stocks rallied on the back of robust results from peer company Sartorius AG.
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