Intel Disappoints, Alaska Air Slumps, Hasbro Climbs
On this episode of Stock Movers:- Intel (INTC), the chipmaker attempting a comeback under new CEO Lip-Bu Tan, gave a weak forecast for the current period and said it’s cutting workers to bring costs in line with the business’s smaller size. Second-quarter revenue will be between $11.2 billion and $12.4 billion, the company said in a statement Thursday. That was well short of the $12.9 billion average analyst estimate, sending the shares down more than 6% in late trading.- Alaska Air (ALK) shares tumbled as much as 14% on Thursday, the most intraday since December 2023. This comes…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.