Shares in Intel (INTC) fell 4.5% in pre-market trading on Friday, after reporting mixed second quarter results after the bell on Thursday.
Intel delivered revenue of $12.8bn (£9.5bn) in the second quarter, beating estimates of $11.8bn, according to Bloomberg’s analyst consensus data. However, the chipmaker posted an adjusted loss per share of $0.10, which was below estimates of adjusted earnings per share (EPS) of $0.01.
For the third quarter, Intel said it expected revenue to be between $12.6bn and $13.6bn, compared to Wall Street forecasts of $12.6bn.
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In addition, the company said it is also cutting its headcount by 15% and expects to have approximately 75,000 employees by the end of the year.
Lip-Bu Tan, who was appointed as Intel's CEO in March, has embarked on efforts to turnaround the struggling chipmaker. In the results on Thursday, Tan said: “We are laser-focused on strengthening our core product portfolio and our AI roadmap to better serve customers. We are also taking the actions needed to build a more financially disciplined foundry. It’s going to take time, but we see clear opportunities to enhance our competitive position, improve our profitability and create long-term shareholder value.”
Shares in Deckers (DECK) surged nearly 12% in pre-market trading on Friday, after reporting a strong start to its financial year boosted by sales of Hoka trainers and Ugg footwear.
The footwear company posted a 17% rise in net sales in the first quarter to $964.5m, compared to the same quarter last year. This was above estimates of $901.4m, per Bloomberg data. Net sales of Hoka trainers grew nearly 20% to $653.1m, while Ugg brand shoes sales increased 19% to $265.1m in the quarter.
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Stefano Caroti, CEO of Deckers Brands, said: “HOKA and UGG outperformed our first quarter expectations, with robust growth delivering solid results to begin fiscal year 2026.”
“Though uncertainty remains elevated in the global trade environment, our confidence in our brands has not changed, and the long-term opportunities ahead are significant.”
For the second quarter, Deckers said it expected net sales to be in the range $1.38bn to $1.42bn.
On the Paris bourse, shares of LVMH (MC.PA) fell nearly 1% on Friday morning, after the luxury group reported a fall in sales and profits in the first half.
LVMH, whose brands include Louis Vuitton and Dior, posted a 4% fall revenue in the first half to €39.8bn (£34.7bn), while net profits slid 22% to just less than €5.7bn in that period compared to last year.
