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Benzinga
Benzinga
Business
Namrata Sen

Intel Stock Declines Over 7% In Friday Pre-Market: What's Going On?

LipBu Tan INTC Intel Corporation
Intel Logo On Bldg.

Shares of Intel Corp. (NASDAQ:INTC) declined 7.34% in Friday pre-market, after its Q2 earnings per share (EPS) fell short of expectations.

What Happened: On Thursday, Intel reported a revenue of $12.86 billion for the second quarter, surpassing the analyst consensus of $11.91 billion. However, the company’s adjusted EPS for the quarter was a loss of 10 cents per share, missing the expected earnings of one cent per share.

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