Intel Corp Smoked After Q4 Report

Intel Corp

shares are trading lower by $3 at $29.74 in Friday's session. The Street is not impressed with EPS beat of $0.11 on slightly better revenues instead is focusing on mixed Q1 guidance. After a lower open, it rallied but came up well short of the lower end of Thursday's range ($31.80), only reaching $30.50. Since making the high it has come back down under $30, but has not breached the early morning low of $29.50.