Intel Corporation (NASDAQ:INTC) shares are trading lower by 3.22% to $26.34 Thursday afternoon ahead of the company’s third-quarter earnings report. Weakness in technology peers meta and alphabet following their recent earnings has possibly weighed on sentiment ahead of the report.
According to analyst consensus estimates, Intel is expected to report revenues of $15.43 billion on EPS of 34 cents.
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What Else Is Going On With Intel?
Meanwhile, Intel-owned self-driving technology company Mobileye Global Inc (NASDAQ:MBLY) made its trading debut this week. Mobileye priced 41 million shares at $21 per share to raise $861 million after marketing the shares for $18 – $20.
A significant portion of the net proceeds from this offering will help to repay a note owed to Intel…Read More
According to data from Benzinga Pro, Intel Corporation has a 52-week high of $56.28 and a 52-week low of $24.59.
