3 Stocks That Got Slammed in After Hours Trading
Intel Corporation (NASDAQ:INTC) announced earnings with net income that rose to $2.95 billion (54 cents per share) vs. $2.89 billion (51 cents per share) in the same quarter a year earlier. This marks a rise of 2.3% from the year earlier quarter. Unfortunately, Wall Street had higher expectations for the chip maker and investors were spooked by talk of spending increases in coming quarters. Shares of Intel fell 1.91% after hours. Check Out all the details in our Cheat Sheet of Intel Corporation Earnings.
It’s important to monitor other chip makers (NYSE:SMH) as earnings seasons continues. Keep your eye on Advanced Micro Devices, Inc. (NYSE:AMD), Texas Instruments Inc. (NYSE:TXN), NVIDIA Corporation (NASDAQ:NVDA), Micron Technology, Inc. (NASDAQ:MU), ARM Holdings plc (NASDAQ:ARMH), and QUALCOMM, Inc. (NASDAQ:QCOM).
eBay Inc. (NASDAQ:EBAY) announced earnings with net income that fell to $283.4 million (22 cents per share) vs. $412.2 million (31 cents per share) a year earlier. This is a decline of 31.2% from the year earlier quarter. However, rose 24.6% to $2.76 billion from the year earlier quarter. Investors weren’t impressed and sent the stock down 1.42% after hours. Don’t Miss the full earnings analysis in our eBay Inc. Earnings Cheat Sheet.
Seagate Technology (NASDAQ:STX) got slammed down over 11% after the the disk-drive maker forecast adjusted quarterly earnings between $0.29 cents and $0.33 cents a share on revenue of $2.9 billion. The bad news was profits fell 69%. It’s still tough times in a world moving to disk drive-less hardware.