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Intel Historically Reverses or Narrows Earnings-Driven After-Hours Gains in Follow-On Regular Session
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Intel Historically Reverses or Narrows Earnings-Driven After-Hours Gains in Follow-On Regular Session
Apr 25, 2024 4:30 AM

07:05 AM EDT, 04/25/2024 (MT Newswires) -- Intel ( INTC ) maintains a history of reversing its earnings-driven after-hours trade in next-day action, specifically the upside. The company is due with its Q1 report in the after-hours today.

INTC has advanced in the after-hours in 38 of the last 80 quarters MT Newswires has tracked over the last 20 years. However, it saw that advance reverse or narrow in next-day trade in 24 of those quarters, or 63% of the time.

The downside favors widening between the sessions. The stock has recorded 42 quarters in which it posted an earnings-driven after-hours decline. In 22 of those events, 52% of the time, it added to its downside move the following regular session.

INTC is expected to report a Q1 profit of $0.14 per share on revenue of $12.8 billion, according to Capital IQ.

Price: 34.68, Change: +0.18, Percent Change: +0.52

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