Closing Bell: Intel Rises on Chip Rebound, Ford Lower on Novelis Fire, Deckers Outdoor Down

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Caroline Hyde, Tim Stenovec and Carol Massar.

On this episode of Stock Movers:

- Intel (INTC) is rising in afterhours trading after reporting 4Q results. The company gave an upbeat revenue forecast after personal computer demand grew, boosting optimism about a comeback attempt by the embattled chipmaker. The company's fourth-quarter sales will be $12.8 billion to $13.8 billion, with the midpoint of that range being $13.3 billion, just below Wall Street’s $13.4 billion average estimate.

- Ford (F) shares are lower afterhours. The automaker is seeing a $1.5B to $2B Ebit hit from the Novelis factory fire. Ford plans to dial up production of its top-selling F-Series trucks next year. The Dearborn, Michigan-based company will create 1,000 jobs at factories in Michigan and Kentucky to help boost truck production by 50,000 units next year, the automaker said in a statement Thursday.

- Deckers Outdoor (DECK) shares are down 8.1% after reporting net sales for the second quarter that beat the average analyst estimate.

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