Why Are Shares of Intel Stock Crashing After Earnings?
By Neil Rozenbaum – Aug 2, 2024 at 4:30AM
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Intel stock dropped 17% after the company reported Q2 earnings. Is it a buy right now?
In this video, I will go over Intel's (INTC -5.50%) second-quarter earnings report. This was a bad quarter, and guidance for the next quarter fell well below analysts' expectations.
*Stock prices used were from the trading day of Aug. 1, 2024. The video was published on Aug. 1, 2024.
Neil Rozenbaum has positions in Intel. The Motley Fool recommends Intel and recommends the following options: long January 2025 $45 calls on Intel and short August 2024 $35 calls on Intel. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
