Intel, Dell, IBM: Tech Pre-Market

Intel shares slumped in pre-market trading on Thursday.
By James Rogers ,

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) - Get Report

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.

Follow @jamesjrogers

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