Stock Market | Stocks | Investing

Stock market, stocks, investing, business, stock trading, stock investing, stock market news, money, finance

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.

Leave a Reply

Your email address will not be published. Required fields are marked *