Update (4:05 p.m. EST): Updated with closing price, day high and low prices, price change and volume information.
NEW YORK (TheStreet) -- Intel (INTC) fell 2.6% to $25.85, down 69 cents from its previous close of $26.54, at the close of the trading day on Friday after the company announced it foresees no growth in revenue or profit margins in 2014.
The stock had a volume of 108,095,683, more than three times its average of 32,204,900. It hit a high of $25.86 and a low of $25.25 for the day.
Intel reported late Thursday that it had earned 51 cents per share, up 6% from the same period a year earlier, in the fourth quarter. That fell just one cent below analyst estimates for the semiconductor giant.
Revenue also rose 3% to $13.83 billion, above analysts' expectations of $13.72 billion. Prior to this report, Intel had posted seven consecutive quarters of flat or declining earnings per share and five consecutive quarters of flat or declining sales.
However, Intel noted that it envisions no growth in 2014 and predicted sales flat with the $52.7 billion in 2013. Analysts had expected a 1% increase to $53.3 billion.
TheStreet Ratings team rates INTEL CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate INTEL CORP (INTC) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share."