Uptrend Stocks At Street: Intel Corporation (NASDAQ:INTC), Allegheny Technologies Inc. (NYSE:ATI), Yum! Brands, Inc. (NYSE:YUM)

April 26, 2023 4:18 am1 commentViews: 88

Intel Corporation (NASDAQ:INTC) decreased in previous session as it is set to release Q2 earnings following the bell on Wednesday. The estimates is currently more bullish than Wall Street on the chip-maker, calling for an EPS number of $0.52 a share as compared to $0.50 for Wall Street as well as revenue of $13.28B as compared to $13.04 for Wall Street. Intel had a poor showing last quarter, as earnings plummeted nearly 45% from the quarter prior. Much of this stemmed from a slowdown in desktop computer sales, Intel’s primary source of revenue. Unfortunately for investors PC sales have continued to decline this quarter as well, down 11.8% year over year according to research firm IDC. Intel Corporation (NASDAQ:INTC) stock hit highest price at $30.11, beginning with a price of $29.69 and reported a decrease of -0.30% to the closed at $29.64 with a day range of $29.44-$30.11.

Allegheny Technologies Inc. (NYSE:ATI) released on Tuesday that it anticipates to relase a net loss attributable to firm of $16M to $18M, or $0.15 to $0.17 per share, for the Q2, owing mostly to challenging business conditions in its Flat Rolled Products business and additional weakening in demand from the oil and gas market. Analysts polled by Thomson Reuters currently expect the company to earn $0.20 per share for the second quarter. Analysts’ estimates typically exclude special items. The firm reported that its Q2 performance continued to be pressured by the ATI Flat Rolled Products segment, which recorded its sixth quarterly operating loss over the last eight quarters. Allegheny Technologies Inc. (NYSE:ATI) stock has highest price of $28.66 in last session, beginning with a price of $28.60 and reported a decrease of -2.05% to the closed at $28.16 with a day range of $27.98-$28.66. The stock is going forward its 52-week low with 4.98% and moving down from its 52 week high price with -37.60%.

Yum! Brands, Inc. (NYSE:YUM) declared that its net income for the Q2 of $235M or $0.53 per share, as compared to $334M or $0.73 per share for the year-before quarter. Total revenue for the Q2 dropped 3 percent to $3.11B from $3.20B in the similar quarter previous year. Excluding special items, adjusted earnings for the latest quarter were $0.69 per share. Analysts polled by Thomson Reuters expected the company to earn $0.63 per share on revenue of $3.19 billion for the second quarter. Analysts’ estimates typically exclude special items. The company maintained its full year guidance of at least 10% EPS growth in 2015. Shares of Yum! Brands, Inc. (NYSE:YUM) traded at $91.99 by moving up 0.97% with price volatility of 2.70% for a week and 1.64% for a month. Its beta stands at 0.80 times.

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