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Intel, Dell, IBM: Tech Pre-Market

NEW YORK ( TheStreet) -- Intel (INTC - Get Report) shares slumped in pre-market trading on Thursday after the chip maker lowered its full-year guidance.

Late on Wednesday, the Santa Clara, Calif.-based firm reported earnings of 39 cents a share on $12.81 billion in revenue. Analysts surveyed by Thomson Reuters were looking for earnings of 39 cents a share and $12.896 billion in revenue

For the full year, however, Intel reset its guidance, saying it now expects it to be "approximately flat year-on-year, down from prior expectations of low single digit percentage increase."

Intel shares fell 3.02% to $23.42 before market open. The chip maker was also one of the most active pre-market Nasdaq stocks on share volume of 2,485,806.

eBay (EBAY - Get Report) was an even bigger loser, falling 6.85% to $53.45 on weaker-than-expected third-quarter guidance.

Dell (DELL) shares, however, gained 1.71% to reach $13.10.

IBM (IBM - Get Report) shares rose 2.13% to $194.55, lifted by the tech giant's second-quarter results, released after market close on Wednesday.

--Written by James Rogers in New York.

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DELL $0.00 0.00%
EBAY $23.81 0.04%
INTC $29.90 0.17%
IBM $146.47 1.54%
AAPL $93.24 -0.41%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

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