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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Intel Corporation | NASDAQ:INTC | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.05 | 0.16% | 30.95 | 30.92 | 30.97 | 31.20 | 30.73 | 31.115 | 36,225,800 | 01:00:00 |
From May 2019 to May 2024
By Michael Dabaie
Intel Corp. (INTC) shares rose 8% to $68.25 with heavy volume early Friday.
The chip maker Thursday said fourth-quarter revenue was $20.2 billion, up 8% on year and above FactSet consensus for $19.2 billion.
Adjusted per-share earnings were $1.52, up from $1.28 a year earlier and beating FactSet consensus for $1.25.
Intel guided for 2020 revenue of about $73.5 billion and first-quarter revenue of about $19 billion.
The company said its board approved a 5% cash dividend increase to $1.32 a share on an annual basis. The board declared a quarterly dividend of 33 cents a share.
UBS maintained Intel at Buy, but raised its price target to $75.
Nomura Instinet raised its target price to $74 from a prior $65.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
January 24, 2020 10:17 ET (15:17 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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