It is an amazing effort, the same around every EPS Season.
Lowering Guidance repeatedly while failing to make it widespread panic.
Discounted Future Earnings via Yields, while managing to swim itself out the Abyss... remarkable.
Semiconductors had an Abysmal Q3. INTC's report was a comedy all its own, after lowering guidance to Analysts 3 times... they finally managed a number @ 1.11 for the Chinese Wall, only to exceed it by 60 Cents @ 1.71 - Surprise @ 53.61%.
Whee... but but but.... it was Wang Chung'd during Globex.
The result of this nonsense - INTC was sold wholesale from 56.07 to 50.75.
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