Intel CEO Stock Purchase and Quarterly EPS Beat Lift Sentiment
Financial Life Planners and Knuff & Co LLC added small new positions in Intel, while Swiss Re Ltd. also bought shares. Intel CEO Lip-Bu Tan reportedly purchased about $10 million in stock. The company posted $0.42 EPS, beating analysts’ $0.21 estimate, with revenue up 25.2% year over year in the quarter, versus -$0.10 EPS the year before.