From Barchart: 2024-11-01 11:23:00

Intel Corporation (NASDAQ:INTC) stock surged over 5% after beating Q3 revenue expectations of $13.3 billion, despite a 7.5% YoY decline. An adjusted loss per share of -$0.46 missed estimates due to $3.1 billion in charges. Intel’s optimistic Q4 forecast projects revenue between $13.3 billion and $14.3 billion, with adjusted earnings of $0.12 per share.

Intel’s strong Q3 results and positive Q4 outlook hint at potential stabilization in its core business, leading to a stock increase. Revenue beat expectations at $13.3 billion, while an adjusted loss per share of -$0.46 missed estimates due to significant asset impairment charges. Q4 revenue forecast of $13.8 billion and adjusted earnings of $0.12 per share exceeded analyst expectations.



Read more at Barchart:: Intel Shares Climb 5% on Q3 Earnings Beat and Posi…