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Intel Stock Dives 11% on Q3 Results

TheMotleyFool

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Investors weren't too pleased with Intel's (NASDAQ: INTC) latest quarterly results. The tech giant released its third-quarter 2020 figures after market hours on Thursday, and the fallout the following day has been severe.

For the quarter, the company booked revenue of $18.3 billion, representing a 4% decline year over year. Adjusted net income amounted to $4.7 billion ($1.11 per share) for a steeper fall of 26%.

Image source: Getty Images.

Source Fool.com

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