Intel Corporation (NASDAQ:INTC) and Advanced Micro Devices, Inc (NYSE:AMD) are anticipated to each report a drop in sales in coming week when company report financial results, as the personal computer marketplace resists with unsteady consumer demand.
World’s biggest chip maker Intel, which is planned to post financial results for Q1 on Tuesday, April 17, is anticipated to report earnings of 50 cents per share, on revenue of $12.84 billion, as said by the FactSet Research survey.
The Technology Company announced a profit of 56 cents per share on revenue of $12.85 billion for the same period in previous year. [article_latestnews_1]
Broadcom Corporation (NASDAQ:BRCM) fell -1.87% to settle at $36.71, Atmel Corporation (NASDAQ:ATML) moved down -3.86% to end at $8.85 while STMicroelectronics N.V. (ADR) (NYSE:STM) plunged -5.39% to finish on Friday at $6.85.
Intel Corporation (NASDAQ:INTC) began the trading session with a price of $28.35 and throughout the session climbed at a high of $28.39 but when day-trade ended the stock finally declined -1.37% to $28.09.
INTC had a trade volume of 34.48 million shares was higher as compared to average trading capacity of 32.18 million shares.
The stock is ahead its 52 week low with +49.77% and lagging behind from its 52 week high price with -1.51%. INTC last month stock price volatility remained 1.33%. In its share capital INTC has 5.01 billion outstanding shares among them 5.01 billion shares have been floated in market exchange. INTC stock institutional ownership remained 62.78% while insider ownership included 0.03%.
Shares price of INTC moved down from its 20 days moving average with +0.50% and remote positively from 50 days moving average with +2.94%. INTC current year earnings per share experienced an addition with +8.26% while its current quarter performance remained +9.94%. Company’s beta coefficient included 1.07. Beta factors measures the amount of market risk associated with market trade.
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