January 18, 2013 at 10:26 AM EST
Intel (INTC) drops on lower Q4 earnings
Normal 0 false false false MicrosoftInternetExplorer4 Intel Corp. (NASDAQ: INTC) shares fell 6.2% to $21.27. The chip group’s fourth-quarter earnings fell 24% from the same period last year, which beat Wall Street’s downbeat forecasts. However, Intel’s forecast was slightly below analysts estimates. Analysts at Sterne Agee pared their outlook on Intel in the wake of the results. Share volume was 44.1 million, compared to an all-day average of 47.9 million /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;}
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