TECH - Why the Market Dipped But Intel Gained Today | Benzinga
Intel (NASDAQ: INTC) ended the recent trading session at $36.31, demonstrating a +1.74% swing from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 1.2%. Elsewhere, the Dow saw a downswing of 0.65%, while the tech-heavy Nasdaq depreciated by 1.79%.
The the stock of world's largest chipmaker has fallen by 16.3% in the past month, lagging the Computer and Technology sector's loss of 0.51% and the S&P 500's loss of 0.85%.
The investment community will be closely monitoring the performance of Intel in its forthcoming earnings report. The company is scheduled to release its earnings on April 25, 2024. On that day, Intel is projected to report earnings of $0.13 per share, which would represent year-over-year growth of 425%. Meanwhile, our latest consensus estimate is calling for revenue of $12.76 billion, up 8.93% from the prior-year ...