Electronic Arts Inc EA:NASDAQ

Last Price$87.50NASDAQ Previous Close - Last Trade as of 4:00PM ET 7/19/19

Today's Change-1.69(1.89%)
Bid (Size)$87.10 (7)
Ask (Size)$87.49 (1)
Day Low / High$87.47 - 89.41
Volume3.7 M

Market Chatter: Federal Appeals Court Said to Rule Against Intel in Relation to Cross-Border Cost-Sharing Agreements

3:30PM ET 6/07/2019 MT Newswires
Shares of Intel (INTC) traded more than 2% higher even after a federal appeals court upheld tax regulations on certain cross-border cost-sharing agreements within corporations, handing a victory to the Internal Revenue Service (IRS) over the tech giant, according to a report from the Wall Street Journal.

The Ninth Circuit Court of Appeals ruled 2-1 on Friday against Altera Corp., which is now an Intel unit, the report said.

Many technology firms such as Alphabet Inc. (GOOG), Facebook, Inc. (FB), Twitter, Inc. (TWTR) and Electronic Arts, Inc. (EA) have pointed out the decision in the Altera court case as a risk in their financial statements, it added.

The IRS and Intel didn't immediately comment on the news report, the WSJ added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 46.06, Change: +0.96, Percent Change: +2.12