Intel Corporation today announced record fourth-quarter revenue of $10.7 billion, operating income of $3 billion, net income of $2.3 billion and earnings per share (EPS) of 38 cents. This indicated a 51% jump in earnings.Bottom line: The estimate was at 0.40, so this is a miss.
Chart: Posted is weekly chart of INTC. It hit the upper trendline and now it will head to the dotted blue line, which would indicate a price of around 15-16. INTC closed at 22.69 today, so this would indicate a major cut.
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