Sabela Ojea

Hasbro Inc. on Thursday said it is reducing its workforce by about 15% after posting a 17% decline in revenue in its latest quarter. Shares dropped 7.1% in after-hours trading.

KLA Corp. delivered third-quarter revenue guidance that came in below analysts expectations, according to FactSet. Shares of the chip equipment supplier plunged 6.1% in after-hours trading.

Intel Corp. missed Wall Street's targets for sales and earnings in the fourth quarter. Shares dived 9.7% in after-hours trading.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

January 26, 2023 19:22 ET (00:22 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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