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HomeStocksIntel stock falls today as beats earnings but misses on revenue forecast

Intel stock falls today as beats earnings but misses on revenue forecast

Intel stock(INTC) falls today almost 5.5% now trading at $35.65 per share.Intel had a strong quarter announcing $0.80 earnings per share beating estimates of  $0.73 per share.Revenue was better this quarter also than estimates, at $15.78 billion while estimates were $15.58 billion.So the selloff today is mainly attributed to the lower guidance for 4th quarter revenues.
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