Welcome to our latest insider update on the companies making waves in after-hours trading. We’ve got the lowdown on T-Mobile, Intel, Levi Strauss, KLA Corp, and Western Digital. Take a look at the latest news and what it could mean for these companies in the upcoming year.
Let’s start with T-Mobile. The telecommunications giant saw its stock drop 2.9% after missing earnings expectations for the fourth quarter. However, the company did beat on revenue, coming in at $20.48 billion for the period. T-Mobile also has some big expectations for the year ahead, with a projected 5 million to 5.5 million postpaid net customer additions. Keep an eye on this one as they look to rebound from their earnings miss.
Next up, Intel. The chip manufacturer saw its shares plummet nearly 8% in after-hours trading after releasing disappointing first-quarter guidance. Intel expects adjusted earnings of 13 cents per share, well below analysts’ expectations of 33 cents per share. Anticipated revenue of $12.2 billion to $13.2 billion also fell short of the $14.15 billion expected by analysts. It’ll be interesting to see how Intel navigates this setback and what it means for the future of the company.
Moving on to Levi Strauss. The iconic apparel company announced it will cut at least 10% of its global corporate workforce through restructuring efforts. Despite this news, Levi’s adjusted earnings per share beat estimates, although revenue fell short of expectations. With these big changes on the horizon, it’s worth keeping an eye on Levi’s as they navigate their way through these workforce cuts.
Now let’s talk about KLA Corp. The semiconductor company’s shares fell more than 5% after posting light guidance for revenue and earnings per share in the fiscal third quarter. While KLA did beat earnings and revenue expectations in its fiscal second quarter, the outlook for the next quarter has analysts and investors feeling cautious. It will be interesting to see how KLA navigates the challenges ahead and what it means for their stock in the coming months.
Finally, let’s take a look at Western Digital. The data storage devices manufacturer saw its shares slide more than 3% despite beating revenue expectations in the second quarter. The company also reported a narrower-than-expected loss per share. As Western Digital looks to bounce back, it will be important to keep an eye on how they maintain their momentum in the market.
And that’s a wrap on the latest news from after-hours trading. Keep an eye on these companies as they navigate the challenges and opportunities that lie ahead. We’ll be here to keep you informed every step of the way.
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