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Intel just reported Q3 results. Here's why the stock is rising.
Intel (NASDAQ:INTC) shares soared 10% in late trading on Thursday after the semiconductor giant reported third-quarter results and guidance that were largely ahead of Wall Street estimates and showed that it is making progress on its restructuring plan.
Intel Stock Jumps on Improved Outlook
Intel shares moved about 9% higher in postmarket trading after quarterly revenue, while down from last year, was slightly better than expected. The chip maker also offered guidance for sales growth in the current quarter that was above expectations.
Intel Corporation Q3 Earnings Summary
Below are the earnings highlights for Intel Corporation (INTC): Earnings: -$16.64 billion in Q3 vs. $297 million in the same period
Intel shares surge on better-than-feared results, outlook
Intel Corporation (NASDAQ:INTC) reported third-quarter 2024 financial results that exceeded analyst expectations, driving its stock up 10% in after-hours trading. The chipmaker's revenue and forward guidance surpassed estimates,
Intel: Q3 Earnings Snapshot
For the current quarter ending in December, Intel expects its per-share earnings to be 12 cents. The company said it expects revenue in the range of $13.3 billion to $14.3 billion for the fiscal fourth quarter.
4d
on MSN
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Why Is Intel (INTC) Stock Rocketing Higher Today
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Intel (INTC) Receives a Hold from Barclays
Barclays analyst Thomas O’Malley maintained a Hold rating on Intel (INTC – Research Report) today and set a price target of $25.00.
1d
on MSN
Intel Corporation (INTC) Faces Challenges in AI Market as Rosenblatt Securities Reiterates ‘Sell’ Rating Ahead of Q3 Earnings
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Stock market today: Nasdaq, S&P 500 poised for rebound amid Amazon cheer, but jobs report looms
Futures on the Nasdaq 100 ( NQ=F) popped 0.5%, while those on the S&P 500 ( ^GSPC) rose 0.4%, both coming off steep losses ...
4d
on MSN
Why Intel Stock Is Gaining Today
Intel (NASDAQ: INTC) stock is posting gains in Monday's trading. The semiconductor company's share price was up 2.1% as of ...
5d
on MSN
Intel Corp. (INTC): Among the Best Dow Stocks to Buy According to Analysts
We recently compiled a list of the 9 Best Dow Stocks to Buy According to Analysts. In this article, we are going to take a ...
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Intel Corp (INTC) Q3 2024 Earnings Call Highlights: Navigating Challenges and Seizing Opportunities
Intel Corp (INTC) reports a mixed quarter with revenue growth and strategic advancements amid profitability challenges.
23h
Intel Stock: Full Steam Ahead On This Turnaround
Intel Corporation's positive Q3 earnings report indicates progress on a restructuring plan. Click for our updated look at ...
2d
Is Intel Corporation (INTC) The Worst Performing S&P 500 Stock In 2024?
We recently published a list of the 10 Worst Performing Stocks in S&P 500 in 2024. In this article, we are going to take a ...
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