Tech Stocks: Intel Earnings Land After Bell
Chip maker Intel will report earnings for the fourth quarter and full year after the markets close Thursday, as the company continues its transition away from PCs toward mobile devices. Analysts forecast Intel will report an earnings per share of 52 cents for the fourth quarter, off revenue of $13.72 billion. Last month, Citi upgraded its rating for Intel to “Buy,” citing better-than-expected guidance on PC shipments. Shares of Intel are down 2 cents to $26.65.
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