Intel beat on profit, then had its worst day since 1974
The third quarter was strong. The forecast for the fourth was not, and the stock fell 28.6% in a single session.
On Thursday, Oct 29, 2026, Intel reported third-quarter results after the market closed. By the close on Friday, Oct 30, its shares were down 28.6%, according to the Associated Press, the company's worst day since 1974. The quarter had not disappointed. The next one is what the market reacted to.
Start with what Intel reported. According to its earnings release dated Oct 29, revenue was $16.5 billion, up 21%…
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