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$30->$27, then $28 by close as it went up with the rest of the market, seems more like a rather ordinary earnings call.
by SamReidHughes 4y ago
$30->$27, then $28 by close as it went up with the rest of the market, seems more like a rather ordinary earnings call.
- Sakos 4y agoIntel is forecasting a 40% decline in revenue for this quarter and their other challenges are listed in the article. The historic collapse isn't necessarily referring to the share price. The shares recovered because people bought the dip and still believe Intel can fix this. I don't think it says much.
- SamReidHughes 4y agoWell, the shares recovered because the whole market was up like crazy, but the initial 10% decline upon earnings is not historic; that also happened 6 months ago! For what it's worth, I think the "historic collapse" quote from the analyst doesn't refer to the earnings call but the overall decline the past few years, with the rise of AMD, ARM, Apple, TSMC, etc.
- taspeotis 4y agoTheir share price is up 10% this month, including the price change from the earnings release.