Intel Books Big Charges for Restructuring, but Here's Why Its Stock Is Surging
Market Mover | Intel Shares Surge 6% After Q3 Earnings Release
Intel has good news, with a big increase in stock price after hours! Q3 revenue and performance guidance exceeded expectations.
①intel's third-quarter financial report impressed analysts, and the stock price soared after hours; ②Chief Financial Officer David Zinsne stated that the company is 'making progress' in profitability, but there is 'still a lot of work to be done' to achieve the set goals.
"Recovering lost ground" is now in sight! Intel (INTC.US) Q4 guidance exceeds expectations, market sentiment is optimistic.
Intel (INTC.US) announced its third-quarter financial report after the Thursday market close in Eastern Time. The fourth-quarter revenue guidance slightly exceeded expectations, sparking optimistic sentiment that the company is capable of regaining some market share.
Intel's third-quarter revenue was $13.284 billion, turning from a profit to a loss year-on-year.
Peking time, morning news on November 1st, Intel announced the financial report for the third quarter of 2024: revenue was $13.284 billion, a 6% year-on-year decrease; attributable net loss was $16.639 billion, while Intel's attributable net income in the same period last year was $0.297 billion, turning from profit to loss year-on-year; excluding certain one-time items (not in accordance with US GAAP), attributable adjusted net loss was $1.976 billion, while last year's attributable adjusted net income was $1.739 billion. Intel's third-quarter revenue and adjusted earnings per share both exceeded Wall Street analysts' previous expectations, and the company provides
2025, 2026 Will Be a 'Proving Ground' for Intel: Analyst
Laine Ford : maybe all stock is. good stock. here