Intel Corporation reported another mixed quarter in Q3, with relatively weak results while the market tries to celebrate earnings beating guidance. The chip company continues to focus on cutting costs and capex, while peers are moving full speed ahead with advanced AI GPUs and increasing foundry spending. The stock shouldn't be bought until Intel has turned around the business due to the stressed balance sheet and cash burn position.
On a special edition of Bloomberg Technology, Ed Ludlow speaks with Intel CEO Pat Gelsinger following the global chip giant's third quarter earnings and analyst call. Intel CEO Pat Gelsinger discusses the challenges the company faced in 2024 with investors focused on its network of chip factories, the battle to regain leadership in key products, and how the Chips Act has bipartisan support in Washington.
Intel Corporation is up after reporting Q3 earnings. While the report was concerning on its face, the results show progress on a restructuring plan. Guidance and progress on 18A reaffirm INTC is a stock to own.
Although the revenue and EPS for Intel (INTC) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Intel Corporation had tremendous losses in a “kitchen-sinked” quarter, with big write-downs. We move to a buy on a robust pipeline of activity and positive views of the business lines. The Bears are no longer in control.
Intel (INTC) came out with a quarterly loss of $0.46 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to earnings of $0.41 per share a year ago.
Pat Gelsinger, Intel CEO, joins 'Closing Bell Overtime' to talk quarterly results ahead of Intel's investors call.
The Silicon Valley chip maker has struggled to turn around its fortunes after missing opportunities and poor execution.
The chip maker attributes the loss mainly to charges from its sweeping restructuring efforts.
Intel (INTC) reported third-quarter revenue that topped analysts' expectations, sending shares higher after the bell Thursday despite widening losses.
Stacy Rasgon, Bernstein, joins 'Closing Bell' to discuss Intel ahead of earnings.
The company says business trends are improving despite ‘noisy' earnings.