TECH - Intel Stock Is Sliding After The Bell: What's Going On? | Benzinga
Intel Corp (NASDAQ:INTC) shares are trading lower in Tuesday’s after-hours session after the company outlined a new financial framework for its foundry business.
What Happened: After the market close on Tuesday, Intel announced a new financial reporting structure designed to drive increased cost discipline and higher returns by providing greater transparency, accountability and incentives across the business.
Intel Foundry is a newly established operating segment that includes foundry technology development, foundry manufacturing and supply chain, and foundry services. Beginning with the first quarter 2024, Intel will report segment results aligned with the following operating ...