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Intel Struggles With Market Share, Profitability: Q3 Analyst Insights

Benzinga ·  Nov 1 12:39

AsIntel Corp(NASDAQ:INTC) struggles to regain market share and profitability, ratings and price targets reflect a cautious outlook for the semiconductor giant following third-quarter results.

The company on Thursday reported an EPS loss of 46 cents, significantly wider than the anticipated loss of 2 cents. However, Intel achieved quarterly revenue of $13.28 billion, surpassing the consensus estimate of $13.02 billion.

Analyst Color On Intel

Goldman SachsanalystToshiya Harimaintained a Sell rating on Intel despite the chipmaker's better-than-expected third-quarter results and improved fourth-quarter guidance.

The bank cited persistent competitive challenges in Intel's Data Center...

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