Intel Corporation INTC shares are trading marginally lower by 0.92% to $39.81 during Thursday’s trading session in anticipation of the company’s second-quarter earnings report.
According to analyst consensus estimates, Intel is expected to report revenue of $17.92 billion on EPS of 69 cents.
Wednesday saw the Federal Reserve raise its target fed funds rate by 0.75% on Wednesday to a new range of between 2.25% and 2.5%, its second 0.75% rate hike in two months.
The Fed said it will continue with its previously announced plan to let Treasury securities and agency debt and agency mortgage-backed securities roll off its balance sheet on a monthly basis… Read More
See Also: Ford Stock Is Rising: Here’s Why
According to data from Benzinga Pro, Intel has a 52-week high of $56.28 and a 52-week low of $35.54.