Why Did Intel Stock Drop Friday?
Intel (NASDAQ: INTC) stock dropped 4% through 1:25 p.m. ET Friday after reporting Q2 earnings last night. But here's the thing: Intel's news seemed pretty good.
Heading into the report, analysts expected Intel to earn $0.21 per share (pro forma) on sales of $14.3 billion. Intel actually earned twice what it was expected to -- $0.42 per share. Its sales also topped estimates at $16.1 billion.
Image source: Intel.
Source Fool.com
Intel Corp. Stock
€78.19
-0.780%
Our community is currently high on Intel Corp. with 47 Buy predictions and 24 Sell predictions.
On the other hand, the target price of 74 € is below the current price of 78.19 € for Intel Corp., so the potential is actually -5.36%.
