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Intel Posts Earnings Beat On Record $16.6B Loss, Shares Spike

Intel Posts Earnings Beat On Record $16.6B Loss, Shares Spike
Shares of Intel spiked in aftermarket trading hours last night and remains up (by more than 5.5%) early this morning, as investors are focused on the future and not the $16.6 billion loss that Intel reported for its third quarter of 2024, its biggest quarterly loss ever. The reason? A loss wasn’t unexpected on the heels of Intel deciding to

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Author: Paul Lilly