Intel hiked its outlook sending shares up as much as four percent after hours. The chip maker increased its guidance for the second quarter and the full year saying it expects stronger than expected demand for personal computers. Earlier it was calling for flat revenue for the year, now it expects some growth. Ahead of that after the bell news, shares rose slightly to $27.96.
Lands’ End was popular with investors today after posting first-quarter earnings. The clothing chain, which was recently spun off from Sears saw its profit surge on higher revenues and margins. Also driving up earnings: promotions and better assortments of merchandise. The stock jumped eight percent to $28.79.
There was a shake up of top executives at Twitter today. The social media company’s Chief Operating Officer Ali Rowghani has resigned, but he will stay on as a strategic advisor to the Chief Executive. Twitter says it doesn’t expect to hire a replacement. Shares popped 3.5 percent to $36.79.
Elon Musk is opening up the company’s technology patents to any automaker that wants to make long-range electric cars. Musk says and open source philosophy will increase development of more and better electric cars, leading to more sales across the sector and actually strengthen Tesla’s share of the market. Shares fell slightly to $203.52.
MobileIron saw its shares jump in its trading debut. The company makes software that protects corporation data accessed by employees on smartphones. The offering raised $100 million with shares priced at $9 each. The stock rose 22 percent to $11.02.