Ticker delayed 20 minutes
Avg Daily Volume: 20,848,800 Market Cap: 227.52B Sector: Technology Short Interest: 1.26 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: 1.24/share REV: 18,080/M
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LAST QTR: EPS: -.36/share ACTUAL: -1.12/share (MISS)
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NEXT QTR: EPS: 1,21/share REV: 18,820/M
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FULL YR: EPS: 4.39/share REV: 69,400/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 66% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 2.56, -10.57, -8.05
EXPECTED JUMP MOVE: 8-10%
Links To Latest News and Headlines
Chipmaking giant Intel beat Wall Street’s earnings target for Q1 but guided below estimates for the current quarter.
Shares of Intel (INTC) are lower in after-hours trading on Thursday after the company posted its first-quarter earnings, revealing a revenue of $12.72 billion, a gain of 8.8% year-over-year. Revenue narrowly beat estimates of $12.71 billion, however, the company missed out on estimates for its second-quarter forecast, placing revenue between $12.5 billion to $13.5 billion against an expected $13.63 billion. While Intel may be down, some still believe the chipmaker is certainly not out. The Futurum Group Chief Market Strategist Cory Johnson joins Market Domination Overtime to discuss Intel’s earnings and how the company may still be able to turn it around. Johnson elaborates on why Intel is in such a strong position: “They have received more money from the CHIPS Act than anyone else out there, so they are in a really strong position building out their facilities all over the country, particularly in Columbus, Ohio… They are clearly pushing ahead really fast… that is good for the foundry business… The foundry business ultimately is going to be very difficult to do, but they’re pushing ahead at really having cutting-edge foundry services and as you mentioned, in the angstrom levels at the real cutting-edge, which we haven’t had in this country for many, many years.” For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
While the top- and bottom-line numbers for Intel (INTC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
(Bloomberg) — Intel Corp., the biggest maker of personal computer processors, tumbled in late trading after giving a lackluster forecast for the current period, indicating that it’s still struggling to return to the top tier of the chip industry. Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBig Tech Surges in Late Hours on Blowout Earnings: Markets WrapBiden’s Gains Against Trum
Intel CEO Pat Gelsinger said the company’s disappointing financial guidance reflects some overall weakness in market demand. Intel is projecting June-quarter revenue of $12.5 billion to $13.5 billion with an adjusted profit of 10 cents a share.
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