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Strategies & Market Trends : The Art of Investing
PICK 46.18-0.3%Nov 14 4:00 PM EST

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To: Sun Tzu who wrote (5656)10/27/2022 4:37:17 PM
From: Sun Tzu  Read Replies (2) of 10599
 
INTC numbers come in way below expectations and the stock moves up 5%
I am now in the green on my INTC position :)

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Intel Beats but Guides Lower

Intel (INTC) reported 3rd Quarter September 2022 earnings of $0.59 per share on revenue of $15.3 billion. The consensus earnings estimate was $0.34 per share on revenue of $18.6 billion. The Earnings Whisper number was $0.29 per share. Revenue fell 20.1% compared to the same quarter a year ago.

The company said in its earnings presentation it expects fourth quarter earnings of approximately $0.20 per share on revenue of $14.0 billion to $15.0 billion. The current consensus earnings estimate is $0.69 per share on revenue of $19.48 billion for the quarter ending December 31, 2022.

Intel Corporation is a semiconductor chip maker. It develops integrated digital technology products like integrated circuits, for industries such as computing and communications.
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