Intel draws back 0.48% ahead of quarterly report tomorrow

Published: January 25 2023, 19:11 GMT+0

Intel draws back 0.48% ahead of quarterly report tomorrow

Tough session sees the hardware manufacturer shedding 0.48% in early trade

  • Intel discloses 36.5 cents per share dividend to be paid on Thursday, December 1st

The trading session is well on its way, Dow Jones is down to 33,672 — a drop of 0.18%. Nasdaq dropped to 11,262 — a 0.63% fall. S&P 500 sheds 0.33%, trading at 4,004. While the Technology sector falls by 0.742%, Intel keeps its head up and trades at $29.77.

Intel is scheduled to announce earnings results tomorrow. The consensus EPS estimate is 0.2 and the consensus revenue estimate is $14.45 billion.

This year has been a bright one for the integrated digital technology company after trading as low as $25.04 and going on to appreciate by 11.93% year to date. So far this year, it has been outperforming the Nasdaq by 3.57%. Intel is currently trading with a market cap of $122.88 billion with an average daily volume of 32.77 million shares.

Also, the firm paid out a quarterly dividend of 36.5 cents per share on Thursday, December 1st to all active shareholders as of Monday, November 7th. Eligible investors secured a quarterly dividend yield of 4.9% for this year.

Intel's stock value drop coincides with TSM is trading around $92.45 (down 2.23%). Texas Instruments is down 1.29% from the beginning of the session and now trades around $174.76.

Positive performances can be seen by looking at other technology stocks as ASML Holding added 1.43% to its value, now trading at $679.6.

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