Intel shares soar in AH trading

After Intel (INTC) raised its second quarter revenue forecast yesterday, shares climbed as high as 6.6% to $29.80 in extended trading.

The second quarter boost came after an increased demand for personal computers, with annual company sales estimated to increase for the first time since 2011.

Sales for this quarter are predicted to be approximately $13.7B, compared to an earlier estimate of $13B.

INTC +5.6% AH

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Comments (3)
  • jeanewight
    , contributor
    Comments (344) | Send Message
    I am glad I have hung in there.
    13 Jun 2014, 10:00 AM Reply Like
  • RLLH
    , contributor
    Comments (621) | Send Message
    Likewise. I wonder if some of the Intel wolves are starting to worry about their short positions.
    13 Jun 2014, 12:13 PM Reply Like
  • King Rat
    , contributor
    Comments (1907) | Send Message
    Congrats. My covered call (LEAPS) are now ITM for only the second time in ages. I wouldn't mind if INTC dropped 4% by January. On the plus side evaporating time value (of the call option) equates to an average 1¢ dividend every market day even if INTC stays flat, and I still get the dividend.
    13 Jun 2014, 02:29 PM Reply Like
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