Stocks making the biggest moves premarket: INTC, AMD, PG
Check out the companies making the biggest moves premarket: Intel — Shares nearly 27% after the chipmaker posted first-quarter earnings that beat Wall Street’s expectations. Intel posted adjusted earnings of 29 cents per share on revenue of $13.58 billion, while analysts polled by LSEG had expected it to earn 1 cent per share on $12.42 billion in revenue. Intel’s second-quarter forecast also was well above analysts’ expectations. Procter & Gamble — The consumer goods giant popped more than 3% on better-than-expected results for the fiscal third quarter. Procter earned an adjusted $1.63 per share on revenue of $21.24 billion. Analysts polled by LSEG expected a profit of $1.56 per share on revenue of $20.5 billion. Advanced Micro Devices — Shares surged nearly 12% after investors gained renewed faith in the AI trade after Intel’s earnings and the company got an upgrade from DA Davidson. The firm said Intel’s big earnings are a pre-cursor for a big ramp up in the company’s CPU business. Boyd Gaming — The gambling and hospitality stock slipped 6% after Boyd posted first-quarter adjusted earnings of $1.60 per share, below the $1.73 consensus from LSEG. Revenue of $997.4 million also fell short of the expected $1 billion. Performance was hurt by soft revenue at its Las Vegas business. SAP — The software stock popped almost 7% after the company earned $1.72 per share, excluding items, in its latest quarter, beating the expected $1.69, per LSEG. SAP cloud revenue rose 19%. The company’s said its 2026 financial outlook is based on the assumption that the Middle East conflict will de-escalate. SLM — Shares added 1% after the student loan provider earned $1.54 per share, up from $1.40 per share a year ago. Sallie Mae also raised its full-year earnings guidance to between $3.10 and $3.20 per share, from a prior forecast of between $2.70 and $2.80 per share, which was above FactSet’s $2.78 estimate. MaxLinear — The chipmaker’s stock soared 38% after the company’s first-quarter results outpaced expectations and it raised its forecast. MaxLinear earned 22 cents per share, after adjustments, on revenue of $137.2 million. According to FactSet, analysts were expecting the company to earn 18 cents a share on revenue of $134.6 million. Comfort Systems USA — The HVAC systems provider’s stock rose 7% after reporting better-than-expected first-quarter results and raising its dividend. The company earned $10.51 per share on $2.87 billion in revenue. According to FactSet, analysts expected it to earn $6.81 per share on revenue of $2.39 billion. Hartford Insurance Group — Shares slipped nearly 5% after the insurer reported first-quarter adjusted earnings of $3.09 per share. That was below the consensus estimate of $3.39 per share, per FactSet. Hartford’s revenue of $7.23 billion also came in below the $7.35 billion estimate. — CNBC’s Fred Imbert contributed reporting
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