Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Here's Why Intel Shares Crashed Today

TheMotleyFool

0 0

Shares of semiconductor giant Intel (NASDAQ: INTC) fell as much as 11.7% on Friday following the company's third-quarter earnings report. The financial figures in this mixed report were solid enough, but Intel's ambitious turnaround plan left many investors more fearful than inspired.

Intel's third-quarter sales fell 1.1% year over year to $18.1 billion. Adjusted earnings jumped 54%, landing at $1.71 per diluted share. Your average analyst had been looking for earnings near $1.11 per share on revenue in the neighborhood of $18.2 billion.

Image source: Getty Images.

Source Fool.com

Like: 0

INTC

Share