Intel Stock Tumbles as Chipmaker's Quarterly Forecast Disappoints
Intel issued a second-quarter forecast that fell short of analysts’ expectations, sending shares lower in extended trading Thursday.
Intel issued a second-quarter forecast that fell short of analysts’ expectations, sending shares lower in extended trading Thursday.
Biopharmaceutical company Gilead Sciences (NASDAQ:GILD) missed Wall Street’s revenue expectations in Q1 CY2025, with sales flat year on year at $6.67 billion. The company’s full-year revenue guidance of $28.4 billion at the midpoint came in 1.1% below analysts’ estimates. Its non-GAAP profit of $1.81 per share was 2.1% above analysts’ consensus estimates.
HVAC and electrical contractor Comfort Systems (NYSE:FIX) reported Q1 CY2025 results exceeding the market’s revenue expectations, with sales up 19.1% year on year to $1.83 billion. Its GAAP profit of $4.75 per share was 28.1% above analysts’ consensus estimates.
Medical device company Merit Medical Systems (NASDAQ:MMSI) announced better-than-expected revenue in Q1 CY2025, with sales up 9.8% year on year to $355.4 million. The company expects the full year’s revenue to be around $1.48 billion, close to analysts’ estimates. Its non-GAAP profit of $0.86 per share was 14.8% above analysts’ consensus estimates.
Freight transportation company Norfolk Southern (NYSE:NSC) met Wall Street’s revenue expectations in Q1 CY2025, but sales were flat year on year at $2.99 billion. Its non-GAAP profit of $2.69 per share was 0.5% above analysts’ consensus estimates. The stock traded up 2.9% to $226.68 after reporting and hosting the earnings call.
Domain name registry operator Verisign (NASDAQ:VRSN) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 4.7% year on year to $402.3 million. Its GAAP profit of $2.10 per share was in line with analysts’ consensus estimates.
Hopes of a tariff deal drove the major indexes higher.
A number of stocks jumped in the afternoon session after stocks extended their rebound, led by strong gains in the technology sector, as renewed optimism surrounding U.S.–China trade negotiations lifted investor sentiment.
Shares of customer experience software provider Sprinklr (NYSE:CXM) jumped 5.4% in the afternoon session after stocks extended their rebound, led by strong gains in the technology sector, as renewed optimism surrounding U.S.–China trade negotiations lifted investor sentiment.
Covenant Logistics Group said economic uncertainties may push back freight market improvements. The post Covenant Logistics predicts ‘delay’ in improved freight market appeared first on FreightWaves.