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Intel Sinks, Zebra Technologies Climbs, Under Armour Drops
Description
On this episode of Stock Movers:
- Intel (INTC) shares slipped in trading today amid a broader drop in semiconductor related stocks.
- Zebra Technologies (ZBRA) shares rallies in trading today, after the consumer electronics company reported first-quarter results that beat expectations and raised its full-year forecast for both adjusted earnings and free cash flow.
- Under Armour (UAA) sank after its guidance for this year missed Wall Street projections, weighed down by exiting a partnership with NBA star Stephen Curry and a financial hit from the conflict in the Middle East. Annual revenue will decline slightly, but it would have been little changed if the company still had the deal with Curry, the sporting-goods maker said Tuesday. Analysts on average projected a gain of about 2%.
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