
Intel, Phillips 66 And 3 Stocks To Watch Heading Into Friday

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U.S. stock futures are up, with several stocks in focus. Charter Communications is expected to report earnings of $9.78 per share, while Charles Schwab announced a $20 billion stock repurchase program. Centene is projected to earn $1.26 per share. Intel reported a loss and plans to reduce its workforce to 75,000 by year-end, causing its shares to drop 4.6%. Phillips 66 is expected to post earnings of $1.69 per share. Overall, the market is reacting to these earnings expectations and corporate announcements.
With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows:
- Wall Street expects Charter Communications Inc. CHTR to report quarterly earnings at $9.78 per share on revenue of $13.76 billion before the opening bell, according to data from Benzinga Pro. Charter Communications shares gained 1.4% to $385.17 in after-hours trading.
- Charles Schwab Corp. SCHW authorized a $20 billion stock repurchase program. Charles Schwab shares gained 1.4% to $97.86 in the after-hours trading session.
- Analysts are expecting Centene Corp. CNC to have earned $1.26 per share on revenue of $44.48 billion before the opening bell. Centene shares gained 1.4% to $27.12 in the after-hours trading session.
Check out our premarket coverage here
- Intel Corp. INTC reported a loss for the second quarter, while sales topped estimates. Intel expects third-quarter revenue to be in the range of $12.6 billion to $13.6 billion, versus estimates of $12.63 billion. The company anticipates a third-quarter loss of 24 cents per share versus estimates for a loss of 18 cents per share. Intel CEO Lip-Bu Tan shared a memo with employees saying that the company will reduce its workforce to 75,000 employees by the end of the year through layoffs and attrition. Intel shares fell 4.6% to $21.58 in the after-hours trading session.
- Analysts expect Phillips 66 PSX to post quarterly earnings of $1.69 per share on revenue of $32.53 billion before the opening bell. Phillips 66 shares rose 0.7% to $125.22 in after-hours trading.
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