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Intel (INTC) Stock Down Ahead of Earnings Report

NEW YORK (TheStreet) -- Intel Corp. (INTC - Get Report) stock is decreasing by 0.03% to $32.20 in afternoon trading ahead of the company's earnings release for the 2015 third quarter, which is scheduled for today after the market close.

Analysts have estimated that earnings will fall to 59 cents per share, compared with 66 cents per share for the third quarter of last year, and revenue will decline to $14.22 billion from $14.55 billion for the same period.

Intel stock gained early today after Apple (AAPL) introduced new iMac models.

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The 21.5-inch iMac with Retina 4K display will use a fifth-generation Intel Core processor and enhanced Intel Iris Pro Graphics, while the 27-inch iMac with Retina 5K display will feature sixth-generation Intel Core processors.

The sixth-generation Intel Core processor was introduced in September and is expected to help sales in the...