Intel Corp.’s quarterly results may be upstaged by a big divestiture announced just days before the report.
After announcing the deal on Monday, expect management commentary in Thursday’s conference call to focus on the memory deal, and how it affects the rest of the company moving forward. That might be beneficial to Intel, as the chip maker heads toward a decline in profit and revenue amid difficulties with its engineering process.
Stock movement: Intel stock fell more than 13% over the third quarter following the company’s announcement that it would delay release of its next generation of chips. In comparison, the Dow Jones Industrial Average DJIA, +0.40% — which counts Intel as a component — rose 7.6%, the S&P 500 index SPX, +0.47% advanced 8.5%, and the tech-heavy Nasdaq Composite Index COMP, +0.32% gained 11%.
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