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Intel share [Symbol: INTC / ISIN: US4581401001]

07/21/2016 01:38:35 PM
07/21/2016 01:38:35 PM UTC-0400

Intel Climbs Off Worst Levels But Remains Firmly In The Red


(RTTNews) - Shares of Intel (INTC) have climbed off their worst levels of the day but remain firmly in negative territory in afternoon trading on Thursday. After ending the previous session at its best closing level in over a year, Intel is currently down by 4.4 percent.

The pullback by Intel comes after the semiconductor giant reported better than expected second quarter earnings but on revenues that were just shy of estimates. The company also reported a slowdown in revenue growth at its highly profitable Data Center Group.

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