On this episode of Stock Movers:

- Intel (INTC), the chipmaker attempting a comeback under new CEO Lip-Bu Tan, gave a weak forecast for the current period and said it’s cutting workers to bring costs in line with the business’s smaller size. Second-quarter revenue will be between $11.2 billion and $12.4 billion, the company said in a statement Thursday. That was well short of the $12.9 billion average analyst estimate, sending the shares down more than 6% in late trading.

- Alaska Air (ALK) shares tumbled as much as 14% on Thursday, the most intraday since December 2023. This comes after the carrier’s second-quarter forecast for adjusted earnings per share trailed the average analyst estimate. The company also said it would not update its full-year 2025 guidance and will provide an update later in the year.

- Hasbro (HAS) shares rose as much as 15%, the most intraday since April 2023. This comes after the toy company’s adjusted EPS and net revenue easily topped Street expectations, driven by meaningfully better-than-expected revenue from its Wizards/Gaming unit. In addition, Hasbro is accelerating elements of its cost-savings program, and now targets $175 million to $225 million in gross savings this year as it searches for additional profit offsets, it said on the conference call.

On this episode of Stock Movers: - Intel (INTC), the chipmaker attempting a comeback under new CEO Lip-Bu Tan, gave a weak forecast for the current period and said it&rsquo;s cutting workers to bring costs in line with the business&rsquo;s smaller size. Second-quarter revenue will be between $11.2 billion and $12.4 billion, the company said in a statement Thursday. That was well short of the $12.9 billion average analyst estimate, sending the shares down more than 6% in late trading. - Alaska Air (ALK) shares tumbled as much as 14% on Thursday, the most intraday since December 2023. This comes after the carrier&rsquo;s second-quarter forecast for adjusted earnings per share trailed the average analyst estimate. The company also said it would not update its full-year 2025 guidance and will provide an update later in the year. - Hasbro (HAS) shares rose as much as 15%, the most intraday since April 2023. This comes after the toy company&rsquo;s adjusted EPS and net revenue easily topped Street expectations, driven by meaningfully better-than-expected revenue from its Wizards/Gaming unit. In addition, Hasbro is accelerating elements of its cost-savings program, and now targets $175 million to $225 million in gross savings this year as it searches for additional profit offsets, it said on the conference call.

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Stock Movers

Intel Disappoints, Alaska Air Slumps, Hasbro Climbs

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2ddfa33e-a992-4a93-9b45-b2c9015ea226/transcript

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