Dow and Nasdaq climb on Amazon and Intel growth; rate cut likely as Fed monitors softer jobs data. Read on for insights into the latest market moves.
Diane King Hall says Intel (INTC) "threw everything and got all the bad out" in its latest earnings report, boosting investor confidence. Boeing (BA) pens yet another deal to its striking mechanist union that includes a larger wage raise.
Intel CEO Pat Gelsinger seems to have the board's backing for his plan to run Intel's foundry and design businesses combined, analyst says, despite reports of potential merger interest or a split.
We reiterate our buy on Intel Corporation after 3QFY24 earnings, as we continue to believe the outlook will be too easy to miss. For the quarter, Intel management reported Q3 sales of $13.28B outpacing consensus of $13.02B and guided for Q4 sales of $13.3-14.3B, with the midpoint ahead of consensus estimates at $13.66B. We think INTC should see some share regain in the PC market with Lunar Lake.
High impairment charges and restructuring costs force INTC to report a wider-than-expected third-quarter loss.
The semiconductor maker beat Wall Street revenue estimates and issued better-than-expected guidance on Thursday.
Intel's upbeat revenue projections on Thursday masked a sore point for the embattled company: chips touted for artificial intelligence have not lived up to sales expectations.
Chipmaker Intel and e-commerce giant Amazon both reported quarterly earnings Thursday after the bell.
Intel Corp's (NASDAQ:INTC, ETR:INL) stock rose 5% in after-hours trading after posting stronger-than-expected third-quarter earnings and revenue, despite challenges in artificial intelligence and restructuring costs. Intel reported 17 cents earnings per share, surpassing analysts' estimates of a two-cent loss, and achieved $13.28 billion in revenue, slightly ahead of forecasts.
Intel (INTC) posted third quarter results showing an adjusted loss per share of $0.43, while revenue reached $13.28 billion, exceeding estimates of $13.02 billion. Moor Insights & Strategy CEO, founder, and chief analyst Patrick Moorhead joins Market Domination Overtime to analyze the results.