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Top Midday Stories: Intel Shares Soar After Q1 Beat; Meta to use AWS Graviton Cores
The S&P 500 and Nasdaq Composite were up, while the Dow Jones Industrial Average was down in late-morning trading Friday, as investors are hopeful that peace talks will soon take place between the US and Iran.In company news, Intel (INTC) reported fiscal Q1 adjusted earnings late Thursday of $0.29 per diluted share, up from $0.13 a year earlier and above the FactSet consensus of $0.02. Fiscal Q1 revenue was $13.58 billion, up from $12.67 billion a year ago and above the FactSet consensus of $12.42 billion. For fiscal Q1, the company said it expects adjusted EPS of $0.20 and revenue of $13.8 billion to $14.8 billion, above the FactSet consensus of $0.10 and $13.1 billion, respectively. Intel shares were up 23.7% around midday.Meta Platforms (META) said Friday it entered into an agreement to incorporate tens of millions of Amazon (AMZN) Web Services Graviton cores into its computing network. The company said it requires increased central processing capabilities to support the development of agentic AI systems capable of reasoning and executing complex tasks. Meta shares were up 1.4%, while Amazon shares were up 2.5%.Procter & Gamble (PG) reported fiscal Q3 core earnings per diluted share Friday of $1.59, up from $1.54 a year earlier and above the FactSet consensus of $1.56. Fiscal Q3 net sales were $21.24 billion, up from $19.78 billion a year ago and above the FactSet consensus of $20.53 billion. Procter & Gamble shares were up 3.8%.HCA Healthcare (HCA) reported Q1 adjusted earnings Friday of $7.15 per diluted share, up from $6.45 a year ago and above the FactSet consensus of $7.12. First-quarter revenue was $19.11 billion, up from $18.32 billion a year ago and above the FactSet consensus of $19.09 billion. HCA shares were down 8.0%.Charter Communications (CHTR) reported Q1 earnings Friday of $9.17 per diluted share, up from $8.42 a year earlier but below the FactSet consensus of $9.96. First-quarter revenue was $13.60 billion, down from $13.74 billion a year ago and above the FactSet consensus of $13.55 billion. Charter shares were down 22%.Price: $82.55, Change: $+15.77, Percent Change: +23.61%
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