Intel's negative earnings surprise caught a few of the newfound bulls to the story by surprise.
Shares of the chipmaker fell 8% on Friday, following several hiccups in its first quarter results and second quarter guidance. While the company's first quarter earnings managed to surpass forecasts by $0.05, its guidance for the rest of the year came below consensus.
And second, there was some demand softness from customers — which is causing Intel execs to be on the cautious side for the second quarter guidance. "We believe Intel has a difficult road ahead as the company begins a multi-year transition phase which involves high capital intensity and an ambitious design roadmap with expectations to move through five process node transitions in four years," Stifel analyst Ruben Roy said in a client note.The company's tepid guidance overshadowed a couple of wins in the quarter and in the past two months.
The company recently attempted to fend off short sellers by advising investors on ways to prevent their shares from being loaned for short-interest positions.OTTAWA — The Canadian Medical Association asserts the Liberals' proposed changes to capital gains taxation will put doctors' retirement savings in jeopardy, but some financial experts insist incorporated professionals are not as doomed as they say they are.
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