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Why Intel Stock Dropped After Its Earnings Beat

TheMotleyFool

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Why Intel Stock Dropped After Its Earnings BeatPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/ec495607-1e17-40ee-a41d-7726313a9707.png

Semiconductor giant Intel (NASDAQ: INTC) beat on earnings last night, reporting $1.39 per share in pro forma profit on $19.7 billion in revenue, easily surpassing analyst projections for $1.15 per share in profits and $17.9 billion in sales.

But Intel stock is down today, falling 6.7% as of 10 a.m. EDT. Why is that?

Image source: Getty Images.

Source Fool.com

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