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.

Why Intel Stock Crashed 7% Today

TheMotleyFool

0 0

Shares of semiconductor giant Intel (NASDAQ: INTC) reported an earnings beat Wednesday evening -- then its stock crashed Thursday morning. As of 10 a.m. ET, shares of Intel stock are down 7.2%.

Analysts had forecast Intel would earn only $0.90 per share on sales of $18.3 billion in the fourth quarter of 2021, but Intel beat those numbers with a stick. For the quarter, Intel actually earned $1.09 per share and delivered sales of $20.5 billion.

Image source: Getty Images.

Source Fool.com

Like: 0

INTC

Share