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INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Intel Corporation (INTC) on Behalf of Investors
Last intel corporation earnings: 4/23 04:07 pm
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US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Intel Corporation (“Intel” or the “Company”) (NASDAQ: INTC) investors concerning the Company’s possible violations of federal securities laws.On April 2, 2024, Intel disclosed that its Foundry segment had experienced an operating loss of $7 billion on sales of $18.9 billion and that approximately 30% of the Company’s wafers are purchased from third party manufacturers. On this news, Intel’s stock price fell $3.61, or 8.2%, to close at $40.33 per share on April 3, 2024, thereby injuring investors.Then, on April 25, 2024, Intel released its first quarter 2024 financial results, disclosing that revenue declined 10% year-over-year to $4.4 billion for its Foundry segment. On this news, Intel’s stock price fell $3.23, or 9.2%, to close at $31.88 per share on April 26, 2024, thereby injuring investors further.If you purchased Intel securities, have information or would like to learn mor
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