Why Did Intel Stock Drop Friday?
Intel had a terrific Q2. Why aren't investors happier about it?
Overview
Intel (NASDAQ: INTC) stock dropped 4% through 1:25 p.m. ET Friday after reporting Q2 earnings last night. But here's the thing: Intel's news seemed pretty good.
Heading into the report, analysts expected Intel to earn $0.21 per share (pro forma) on sales of $14.3 billion. Intel actually earned twice what it was expected to -- $0.42 per share. Its sales also topped estimates at $16.1 billion.
Image source: Intel.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.