Intel Stock Drops Despite Strong Earnings Growth Expected
- Intel (INTC) stock fell 1.57% despite broader market only falling 0.8%-0.76%
- Intel projected to report strong 340% year-over-year earnings growth in next quarterly report
- Revenue also expected to grow 8.29% year-over-year
- Analysts have revised earnings estimates 1.61% lower in past month
- Intel trades at premium 25.6 forward P/E compared to industry average P/E of 23.63