Stocks making the biggest moves after hours: Intel, Mattel, Gilead Sciences & more

A customer at Intel’s Artificial Intelligence (AI) Day walks previous a signboard throughout the occasion in Bangalore, India

Manjunath Kiran | Getty

Check out the firms making headlines after hours Thursday:

Intel — Intel shares dropped 10% after the bell on the again of blended outcomes for the firm’s fiscal third quarter. The chip maker reported adjusted earnings per share of $1.11, according to a Refinitiv estimate. Intel’s income for the quarter was barely above expectations. However, gross sales for the firm’s Data Center Group got here in at $5.91 billion, under a FactSet estimate of $6.21 billion.

Mattel — Shares of the toy maker jumped about 8% after the firm posted a lot better-than-expected outcomes for the earlier quarter. Mattel reported earnings per share of 95 cents on income of $1.63 billion. Analysts anticipated a revenue of 39 cents per share on income of $1.46 billion, in line with Refinitiv. The firm’s outcomes had been pushed partially by sturdy gross sales from its Dolls division.

Gilead Sciences — Gilead popped more than 3% after the Food and Drug Administration accepted the use of the firm’s remdesivir drug as a therapy in opposition to the coronavirus.

Robert Half International — Shares of the human assets firm ticked larger by 0.3% following the launch of stronger-than-forecast quarterly earnings. Robert Half reported earnings per share of 67 cents, topping a FactSet estimate of 58 cents per share. “We are very pleased that third-quarter and early October results reflect consistent weekly and monthly sequential gains across our divisions,” CEO M. Keith Waddell stated in an announcement.

Seagate Technology — The information storage firm noticed its inventory fall more than 5% following the launch of blended outcomes for the earlier quarter. Seagate posted earnings of 93 cents per share, topping a Refinitiv estimate. However, the firm’s income of $2.31 billion was simply shy of analyst expectations.

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