Shares oOf Chip Makers Mixed After Earnings Reports -- Market Mover
July 27 2018 - 11:59AM
Dow Jones News
Shares of three chip makers were mixed in late-morning trading,
a day after the companies posted their latest earnings reports.
Intel was down 8% to $47.95 a share as investors worried about
production delays, while Lam Research shares jumped almost 8% to
$191.31 after the company reported profit and sales that beat
expectations on Thursday. Investors bid the stock of Cypress
Semiconductor Corp. up almost 8% to $18.36. The company surpassed
revenue and adjusted profit expectations of analysts polled by
FactSet. (micah.maidenberg@wsj.com)
(END) Dow Jones Newswires
July 27, 2018 11:44 ET (15:44 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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