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
€33.61
6.990%
Our community is currently low on Intel Corp. with 11 Buy predictions and 19 Sell predictions.
A potential of -34.53%, resulting from comparing the current price of 33.61 € with the target price of 22 € for Intel Corp., shows the chance of incurring significant losses.
