Why Intel Stock Is Plummeting Today
Shares of (NASDAQ: INTC) are tumbling on Friday, down 9.4% as of 3:06 p.m. ET. The move comes as the S 500 and the Nasdaq Composite gained 0.4% and 0.3%, respectively.
The chipmaking giant reported mixed earnings and painted a picture of a future that disappointed investors.
The company beat Wall Street's targets for revenue in its latest quarter -- $12.9 billion compared to the consensus estimate of $11.97. It also set better-than-expected guidance for the current quarter, with a range set between $12.6 billion and $13.66 billion vs. the consensus estimate of $12.66.
Source Fool.com
Intel Corp. Stock
€20.26
-3.360%
Currently there is a rather negative sentiment for Intel Corp. with 8 Buy predictions and 12 Sell predictions..
A slightly negative potential of -6.22% at a current price of 20.26 € for Intel Corp. is the result of a target price of 19 €.
