After falling 4% in regular trading, shares of Intel Corp (NASDAQ:INTC) are edging slightly higher in late trading. The chip-maker cut fourth quarter guidance, foreseeing profits of $13.4B-$14B instead of the previously expected $14.2B-$15.2B. The company attributes the downturn to a shortage of hard disc drives that led to reduced inventories and microprocessor purchases across the PC supply chain. Competitors include: Advanced Micro Devices (NYSE:AMD) and Texas Instruments Inc. (NYSE:TXN).
Shares of Boeing (NYSE:BA) are attracting attention after the board of directors increased the quarterly dividend to 44 cents per share, an increase of 2 cents. The dividend will be paid March 2, 2012 to shareholders of record on February 10, 2012.
Investing Insights: Barron’s Top 10 Stocks for 2012: Time to Redeem Last Year’s Choices.
In late trading, JetBlue Airways Corp. (NASDAQ:JBLU) announced that its traffic increased 11% in November. The company said it expects fourth-quarter preliminary revenue per available seat mile, to increase between 11% and 13% year-over-year. Competitors include: Southwest Airlines (NYSE:LUV) and United Continental Holdings, Inc. (NYSE:UAL).
Shares of Hewlett-Packard (NYSE:HPQ) finished the day 1.58% lower, as the company’s general counsel, Michael Holston, is stepping down to pursue other opportunities. Competitors include: Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL).
Don’t Miss: Global Factors Hitting Gold and Silver.