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Why Intel Stock Plunged Today

TheMotleyFool

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Why Intel Stock Plunged TodayPhoto, wide shot, wide-angle lens, Software company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/70b5df15-67cc-4a1b-af41-3596614daf77.png

Shares of Intel (NASDAQ: INTC) fell 5.3% on Friday, following the semiconductor giant's second-quarter earnings release and conference call.

Intel's revenue was flat year over year at $19.6 billion, while its adjusted earnings per share rose 12% to $1.14. That was well above Wall Street's expectations, which had called for EPS of only $1.06.

"There's never been a more exciting time to be in the semiconductor industry," CEO Pat Gelsinger said in a press release. "The digitization of everything continues to accelerate, creating a vast growth opportunity for us and our customers across core and emerging business areas."

Source Fool.com

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