Intel Jumps On Upbeat Guidance
Intel shares are surging after-hours on the back of what can only really be described as “not as bad it could have been” earnings and guidance.
Three months after a painful earnings report that collapsed its share price, the not-quite-so-giant tech company booked nearly $19 billion in restructuring charges but said business trends are now improving.
For the third quarter, Intel reported an adjusted earnings per share loss of 46 cents, compared with Wall Street’s consensus estimate for a 2 cents loss, according to FactSet.
The results may not be comparable to analysts’ estimates as it includes a 63 cents negative impact from impairment charges.
Revenue came in at $13.3 billion, which was above analysts’ expectations of $13.02 billion.
Guidance was increased too…
-
Fourth-quarter revenue will be $13.3 billion to $14.3 billion, the Santa Clara, California-based company said in a statement. That compares with the $13.6 billion analysts estimated on average.
-
The company is projecting a profit of 12 cents a share compared with the 6 cents Wall Street projected.
INTC shares up 10-12% after hours, but in context, there’s a lot of work to be done…
“This was a critical period of time for the company,” CEO Pat Gelsinger said in the interview. “We got a lot done.”
Additionally, Intel said its audit & finance committee approved a series of cost and capital reduction initiatives, including reducing headcount by 16,500 employees.
Tyler Durden Thu, 10/31/2024 – 16:20
Source: https://freedombunker.com/2024/10/31/intel-jumps-on-upbeat-guidance/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,654,088,514 |
| Stories: | 8,286,251 |
Whistler Blowers, Insiders
