TELETRADER News
1/27, 12:39 PM
(Source: TeleTrader)
Intel shares drop over 9% after disappointing Q4 2022
Intel Corporation shares plunged more than 9% in Friday's premarket session following disappointing quarterly results released the previous day.
The company's revenue in the quarter that ended December 31 fell 32% year-on-year, while full-year 2022 net income and earnings per share fell 60%, totaling $8 billion and $1.94, respectively.
At 6:37 am ET, Intel shares plunged 9.64% to sell at $27.19.