Why Tech Investors Shouldn't Panic Over Intel's Guidance
Processor giant Intel (NASDAQ: INTC) reported bumper numbers last night for its first-quarter earnings report, as the immediate global need for telecommuting, remote education, and remote medicine has led to surges in demand for both notebook computers and data center servers.
However, Intel's second-quarter earnings-per-share guidance came in lower than expected, and shares fell about 6% after hours Thursday night. Since many other technology stocks take their cues from Intel, many related tech stocks fell in sympathy.
But when you look under the hood, Intel's guidance wasn't nearly as bad as investors seemed to believe. Here's why.
Source Fool.com
