Stocks making the biggest moves midday: Ford, IBM, Intel, Seagate and more

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Shares of Intel and IBM tumbled after both companies reported earnings last night. 4 experts break down the numbers.

for its fourth quarter. Intel generated $1.52 in adjusted earnings per share on $20 billion in revenue, beating Wall Street expectations of $1.10 per share and $17.49 billion in revenue, according to Refinitiv. Part of the equity price decline was a reversal of a late-session spike on Thursday that followed an early release of Intel's results.— Shares of the railroad company slid more than 2% despite CSX beating top and bottom line estimates during the fourth quarter.

— Seagate shares dropped nearly 6% in midday trading despite decent earnings results. The downward pressure is likely thanks in part to the already-high expectations analysts and investors had for the company ahead of its quarterly report. Wedbush analyst Matt Bryson wrote Friday morning: "Net, without a clear driver of near- term upside, or certainty around a longer term technological advantage, we are maintaining our Neutral view on the name.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I did my research properly I must confuse nobody handles my business like you do, I’m privileged to work with you .you’re indeed one of the best trader Tonyfred42

Isn't that considered fake news? Any 'fact-based' assessment on why JoeBiden promised 100million vaccines a day when in fact the USA reached 100mil a day perhaps three or four weeks ago? Cnn

Australia Australia Latest News, Australia Australia Headlines