Why Intel Stock Jumped 11% After Earnings
Beleaguered semiconductor manufacturer (NASDAQ: INTC) had a rare bit of good news for investors Friday, and it's driving Intel shares up a solid 11% through 10:05 a.m. ET this morning.
Wall Street analysts had forecast Intel would earn only $0.22 per share (adjusted for one-time items) in the third quarter of 2023, but Intel actually earned $0.41 per share (also adjusted). What's more, Intel's sales for the quarter came in at a strong $14.2 billion, versus a Street forecast of only $13.5 billion.
The news wasn't all good.
Source Fool.com
Intel Corp. Stock
€29.11
0.710%
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With a target price of 37 € there is a positive potential of 27.13% for Intel Corp. compared to the current price of 29.11 €.
