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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: bruwin who wrote (65224)	10/22/2020 5:02:05 PM
From: E_K_S	Read Replies (2) \| Respond to of 78752

INTC $48.66/share -9.68% After Hours Intel shares plunge after Q3 data center sales fall 7%, missing estimates Oct. 22, 2020 4:23 PM ET\|About: Intel Corporation (INTC)\|By: Brandy Betz, SA News Editor Intel (NASDAQ: INTC) shares slide 10.3% AH after the Q3 revenue beat, in-line profit, and raised full-year guidance were offset by the surprise decline in the Data Center Group. Data-centric revenue was down 10% Y/Y overall with DCG down 7% Y/Y to $5.9B, below the $6.22B consensus. Within DCG, cloud revenue was up 15%, while the Enterprise & Government market was down 47% after two quarters of 30%+ growth due to the pandemic-related economic strain. PC-centric revenue was up 1% to $9.8B as the pandemic tailwind continues for the PC industry. 10nm update: Intel says its third 10nm facility (located in Arizona) is now fully operational, and the company expects to ship 30% higher production volumes this year than forecast in January. For Q4, Intel forecasts $17.4B in revenue (consensus: $17.38B), 26.5% operating margin, and $1.10 EPS (consensus: $1.07). PC-centric revenue is expected to be down low single digits Y/Y, and Data-centric is guided down 25%. For the year, Intel sees revenue of $75.3B vs. $75B prior guidance and the $75.16B consensus. EPS is raised from $4.85 to $4.90 compared to the $4.85 consensus. PC-centric and Data-centric sales are expected up mid-single digits Y/Y. Press release