NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. United States Steel Corp., up $2.31 to $23.58. Freescale Semiconductor Ltd., up $4.81 to $31.16.» Read More
Yum Brands, parent company of Taco Bell, Pizza Hut and KFC, on Wednesday posted a 5 percent rise in quarterly profit, but shares fell more than 5 percent as rising commodity prices ate into restaurant margins in the United States and China.
CSX, the U.S. railroad, reported higher second-quarter net profit that met expectation on Tuesday, as strong pricing offset a 3 percent decline in freight volumes.
Intel said on Tuesday quarterly net income rose 25 percent, helped by strong sales of microprocessors used in notebook computers, and gave a revenue forecast that topped expectations.
Shares for graphics chipmaker Nvidia will be under pressure after the company warned on Wednesday that revenues and gross margin would miss analysts' estimates due in part to weak demand.
The Semiconductor Industry Association on Wednesday cut its forecast for growth in global sales of semiconductors in 2008, citing lower prices due to competition in the memory chip sector.
Analog chipmaker National Semiconductor on Thursday posted a lower fourth quarter net profit, but revenues and earnings topped expectations as it sold more profitable chips, and shares jumped.
Analog chipmaker National Semiconductor on Thursday posted a lower quarterly net profit but revenues topped its own forecast as it sold more profitable chips, and shares rose 3 percent.
The Semiconductor Industry Association said worldwide sales of semiconductors grew 5.9% in April 2007 on a year-over-year basis, but sales were flat compared with March.
The chip sector is getting attention from options traders lately, according to one industry expert, and it's most likely due to consolidation speculation.
Cisco Systems saw its shares slip in premarket trading Wednesday, a day after the company reported earnings that were better than expected but did not ease analyst concerns that slowing orders would pressure the company's stock.
Cisco Systems reported a profit that topped expectations as growth in Internet traffic supported sales of network equipment despite concerns of a slowing U.S. economy, and the company affirmed long-term sales targets.
Texas Instruments said its quarterly profit rose from a year ago, but the company lowered its guidance for the second quarter, blaming weak demand for chips used in advanced cell phones.
Advanced Micro Devices posted its sixth consecutive quarterly net loss as it bleeds market share to far larger rival Intel.
Shares of major semiconductor companies and telecom equipment firms rose Wednesday morning as solid a first-quarter report and outlook from chip maker Intel lifted both sectors.
Intel reported lower earnings that matched analysts' estimates, but the company's shares took off in late trading as it gave guidance that was higher than expected.
Advanced Micro Devices said it will cut 10 percent of its work force after first-quarter sales fell more than it had expected.
Intel, the world's largest chip maker, said it isn't seeing a significant drop in demand amid the U.S. slowdown because it exports most of its chips. In fact, the slowdown has even helped Intel as the weak dollar boosts exports.
Micron Technology, the largest U.S. maker of computer memory chips, on Wednesday posted a wider quarterly loss as revenue fell and costs rose amid a persistent slump in memory chip prices.
Chip maker Texas Instruments lowered its outlook for quarterly earnings and revenue in the first quarter on weaker than expected chip demand and its shares fell as much as 5.5 percent.
Analog chipmaker National Semiconductor reported quarterly results in line with lowered expectations, while fellow chipmaker Marvell Technology reversed its quarterly loss from last year.