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INTC Intel Corporation

30.55
0.70 (2.35%)
After Hours
Last Updated: 00:48:25
Delayed by 15 minutes
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
  0.70 2.35% 30.55 30.55 30.58 31.13 30.00 30.03 51,445,015 00:48:25

TECH STOCKS: Tech Stocks Rise; Intel Tops Estimates

14/10/2014 11:01pm

Dow Jones News


Intel (NASDAQ:INTC)
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By Rex Crum, MarketWatch

SAN FRANCISCO (MarketWatch) -- Tech stocks delivered a mostly upbeat trading performance Tuesday, as the sector prepared for an onslaught of earnings reports.

Intel (INTC) , which kicked off the tech results, saw shares rise more than 2% to close at $32.14. Shortly after the market closed, Intel reported third-quarter earnings of 66 cents a share on $14.55 billion in revenue, beating FactSet analysts estimates for earnings by a penny.

Netflix Inc. (NFLX), which reports its third-quarter results after Wednesday's market close, rose 2.4% to close at $449.12.

Other gains came from Pandora Media Inc. (P), Oracle Corp. (ORCL), Amazon.com Inc. (AMZN) and online travel agency Orbitz Worldwide Inc. (OWW), which rose 2.4% to close at $7.60 a share after having its rating upgraded to outperform from market perform by FBR Capital Markets analyst Jake Fuller.

Apple Inc. (AAPL) shed 1% to close at $98.75 in advance of a company event Thursday that is expected to focus on the release of new iPads

Alibaba Group (BABA) gave up 17 cents to close at $84.95 a share. However, UBS analyst Erica Werkun initiated her coverage of the Chinese Internet company with a buy rating and $100-a-share price target.

The Nasdaq Composite Index (RIXF) rose 13 points to close at 4,227 and the Philadelphia Semiconductor Index (SOX) added almost 2%.

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