Intel shares sink as executives give three-year outlook [Reuters (UK)]
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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Source: Reuters
Intel shares sink as executives give three-year outlook - Reuters 1 Min Read SAN FRANCISCO (Reuters) - Intel Corp shares declined 2.5 percent after executives gave their three-year outlook at an investor day on the company’s Santa Clara, California campus. Chief Executive Bob Swan said the company sees both revenue and earnings per share growing in the “single digit” percentage range over the next three years, with flat PC chip sales offset by “double digit” percentage revenue growth in data center chips. Swan also said operating margins would remain relatively steady at 32 percent, but that gross margins would decline as the company ramps up its 10-nanometer chip-making technology, which makes chips faster by making their features smaller. Intel was once the dominant maker of processors for personal computers and has sought to expand its data center chip business as PC sales stagnated. The company’s shares dropped to $49.24 after the announcements. Reporting by Stephen Nellis in San
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High impacting Intel Corporation news events
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News
- Intel Co. (NASDAQ: INTC) had its price target lowered by analysts at Evercore ISI from $40.00 to $36.00. They now have an "in-line" rating on the stock.MarketBeat
- Intel Co. (NASDAQ: INTC) had its price target lowered by analysts at Morgan Stanley from $48.00 to $36.00. They now have an "equal weight" rating on the stock.MarketBeat
- Intel Co. (NASDAQ: INTC) had its price target lowered by analysts at Sanford C. Bernstein from $42.00 to $35.00. They now have a "market perform" rating on the stock.MarketBeat
- Intel Co. (NASDAQ: INTC) had its price target lowered by analysts at JPMorgan Chase & Co. from $37.00 to $35.00. They now have an "underweight" rating on the stock.MarketBeat
- Intel Co. (NASDAQ: INTC) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
INTC
Earnings
- 4/25/24 - Beat
INTC
Sec Filings
- 4/26/24 - Form 10-Q
- 4/26/24 - Form IRANNOTICE
- 4/25/24 - Form 8-K
- INTC's page on the SEC website