News

Earnings Results: Intel stock sinks as earnings prompt questions about falling margins

Intel Corp. shares dropped in the extended session Thursday after the chip maker’s revenue and data-center sales fell just short of Wall Street estimates amid a big earnings beat but a lower-than-expected earnings and gross margins forecast.

Intel INTC shares, which were down about 7% in the extended session as the conference call with analysts began, were down 9% by the end of the call. Shares rose 1.1% in the regular session to close at $56.00.

Analysts…

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

More in:News

Leave a reply

Your email address will not be published.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

Next Article:

0 %