Intel Corp (NASDAQ:INTC, ETR:INL) shares fell 6.4% in extended trading on Thursday after the chipmaker issued a weaker-than-expected revenue forecast for the second quarter, offsetting a slight beat on first-quarter revenue.
The company reported first-quarter revenue of $12.67 billion, narrowly topping Wall Street estimates of $12.31 billion. However, adjusted earnings per share came in at $0.13, missing analysts’ average estimate of $0.74, according to LSEG data.
Google parent company Alphabet Inc (NASDAQ:GOOG) saw its shares rise more than 4% afterhours on Thursday as it delivered an earnings beat for the first quarter.
Revenue jumped 12% year-over-year to $90.2 billion, attributed to strength in Google Search, YouTube ads, Google subscriptions and Google Cloud, each of which delivered double-digit growth.
Comcast Corporation (NASDAQ:CMCSA, ETR:CTP2) reported an earnings beat for the first quarter but its shares tumbled as subscriber loss concerns raised doubts about the resilience of its core business lines.
The company lost 199,000 broadband customers during Q1 amid rising competition from alternative home internet providers.
Texas Instruments Inc (NASDAQ:TXN) shares jumped almost 7% on better-than-expected first quarter results and a strong outlook for the second quarter.
For Q1, the multinational semiconductor company’s earnings per share (EPS) came in at $1.28, ahead of analyst forecasts of $1.10.
Spanish Mountain Gold Ltd (TSX-V:SPA, OTC:SPAZF) has reported its highest-grade gold intercepts to date at the K-Zone of its Spanish Mountain Gold project in British Columbia’s Cariboo Gold Corridor.
The results come from the company’s ongoing 10,000-meter winter drill campaign, which is now 73% complete and focused on expanding near-surface mineralization.
Southwest Airlines Co (NYSE:LUV), American Airlines Group Inc (NASDAQ:AAL, ETR:A1G) and Alaska Air Group (NYSE:ALK) have joined other major US airline carriers in pulling their 2025 profit outlook amid economic uncertainty and weaker-than-expected travel demand.
Handing down its first quarter earnings on Wednesday evening, Southwest noted difficulties in forecasting due to “short-lived booking trends.”
Shares of Newmont Corporation (NYSE:NEM, TSX:NGT, ASX:NEM, ETR:NMM) rose 2.2% on Thursday morning after the world’s largest gold miner reported first-quarter earnings that beat Wall Street expectations, driven by higher gold prices, lower costs and delayed capital spending.
The company posted adjusted earnings per share of $1.25, ahead of its estimate of $0.97 and well above the consensus of $0.92. Adjusted EBITDA came in at $2.63 billion, beating Street forecasts.
International Business Machines Corp (NYSE:IBM) saw its first quarter sales increase modestly year-over-year as its software unit offset declines in other business lines.
For the quarter, revenue was up 1% at $14.5 billion, above estimates of $14.4 billion.
Shares of Hasbro Inc (NASDAQ:HAS) rose 7.7% in premarket trading on Thursday after the toymaker posted a sharp first-quarter revenue beat, powered by strong sales from Magic: The Gathering and digital gaming.
Revenue rose 17% year-over-year to $887.1 million, far surpassing analysts' expectations of $771.15 million, driven by a 46% surge in its Wizards of the Coast and Digital Gaming segment. Operating profit in the segment soared 87%, with margins nearing 50%.
Gold stocks were in favour on Thursday afternoon, buoyed by a rebound in bullion prices following a sharp midweek pullback.
The spot price rose 1.6% to $3,348.10 an ounce, reversing some of Wednesday’s losses after gold briefly slipped below $3,300. That drop had followed earlier highs of $3,500.05, set earlier in the week.
Shares in Checkit PLC (AIM:CKT, OTC:ECKTF) fell 16.5% on Thursday after the software group downgraded its revenue guidance for the current year, citing tougher market conditions and growing customer caution.
The AIM-listed firm, which provides automated monitoring tools for operational teams, posted an 8% rise in annual recurring revenue to £14.4 million and a 17% uplift in total revenue to £14.1 million for the year to 31 January 2025.