Intel reported better-than-expected revenue and issued uplifting guidance. But the company faced charges, partly from its restructuring.
Intel reported a massive net loss on Thursday, weighed down by impairment and restructuring charges, but forecast fourth-quarter revenue above estimates.
Boo! These stocks have all lost more than half of their value in just five years.
The Wall Street consensus is that the company will report September quarter revenue of $13.02 billion with an adjusted earnings-per-share loss of 2 cents.
Intel Corp (NASDAQ:INTC) has fallen from grace so suddenly that semiconductor suitors have been circling.
Intel Corporation INTC will report third-quarter financial results tomorrow, October 31, after the closing bell.
Intel's (INTC) third-quarter results are due after the closing bell on Thursday. Analysts aren't bullish on the struggling chipmaker, with Wall Street generally calling for a loss and expecting comparatively little upside for the shares.
Intel CEO Pat Gelsinger inherited a troubled company that had lost its edge in manufacturing skills and had ceded to rivals the hugely lucrative markets for chips used in mobile phones and artificial intelligence.
Pat Gelsinger took the reins as Intel CEO three years ago with hopes of reviving the American industrial icon. He soon made a big mistake.
Investors are losing patience with Intel.
INTC is likely to have recorded lower revenues from the CCG segment due to high customer inventory levels and a conservative approach toward placing orders for high-value items.
INTC is likely to have recorded lower revenues from the DCAI segment, owing to the fierce competition from other industry leaders.