U.S. Stock Movers: Cal-Maine, Dave & Buster's, Intel, Taiwan Semi, Tesla

Scott Peters
03 Apr, 2024
New York City

Intel declined 5.2% to $41.65 after the advanced semiconductor maker reported a wider loss in its foundry operation. 

Operating losses in 2023 expanded to $7.0 billion from $5.2 billion in 2022, after sales in 2023 plunged to $18.9 billion from $27.5 billion in the previous year. 

Dave & Buster's gained 6.3% to $65.80 after the company reported its latest quarterly results. 

Revenue in the fiscal fourth quarter ending on February 4, which included the 14th week, rose 6.3% to $599.1 million, net income declined to $36.2 million from $39 million, and diluted earnings per share rose to 88 cents from 80 cents a year ago. 

The 14th week in the fourth quarter, also the 53rd week in the fiscal year, contributed $39.5 million in revenue. 

Cal-Maine jumped 5.6% to $62.46 after egg producers reported better-than-expected quarterly results. 

Revenue in the fiscal third quarter ending on March 2 decreased to $703.1 million from $997.5 million, bet income plunged to $146.4 million from $322.7 million, and diluted earnings per share dropped to $3.0 from $6.62 a year ago. 

The net average selling price per dozen of eggs declined to $2.24 from $3.30 a year ago. 

Tesla declined 1.7% to $163.76 and extended its two-day loss to 10% after the electric vehicle maker reported unit sales declined 8.5% in the first quarter. 

Fabless semiconductor companies traded down after a 7.3-magnitude earthquake hit Taiwan, forcing several semiconductor manufacturing companies to evacuate plants and close factories. 

Taiwan Semiconductor decreased 0.3% to $139.85 after the largest semiconductor manufacturing company confirmed closing some operations earlier in the day. 

Nvidia, Qualcomm, Arm Holdings, and Marvell, which rely on Taiwan Semiconductor for chip manufacturing, decreased by around 0.5% following the earthquake news.