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.
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.