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Down 29% This Year, What Lies Ahead For Intel Stock Following Q1 Earnings? [Forbes]

Intel Corporation (INTC)  More Company Research Source: Forbes
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Ankara, Turkiye on April 11, 2024. (Photo by Omer Taha Cetin/Anadolu via Getty Images) Intel stock (NASDAQ NDAQ : INTC) is expected to publish its Q1 2024 results on April 25. We expect revenue for the quarter to come in at about $12.8 billion, roughly in line with consensus estimates. This would mark an increase of about 16% versus the previous year. We expect the company to post a net profit of $0.15 per share, slightly ahead of consensus estimates. So what are some of the trends that are likely to drive Intel's INTC results? Intel's performance was tough over much of 2023, with the PC industry undergoing a slump, as the tailwinds such as remote working and learning seen through Covid-19 eased. However, things are likely to pick up a bit in 2024. Over Q1 2024, total PC shipments rose 3.2% annually to 57.2 million units, per Canalys. Intel's growth could be a bit better, as PC vendors worked through chip inventory that they built through the pandemic over the first few quarters o [Read more]
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Stockreport

Down 29% This Year, What Lies Ahead For Intel Stock Following Q1 Earnings? [Forbes]

Intel Corporation  (INTC) 
More Company Research Source: Forbes
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Ankara, Turkiye on April 11, 2024. (Photo by Omer Taha Cetin/Anadolu via Getty Images) Intel stock (NASDAQ NDAQ : INTC) is expected to publish its Q1 2024 results on April 25. We expect revenue for the quarter to come in at about $12.8 billion, roughly in line with consensus estimates. This would mark an increase of about 16% versus the previous year. We expect the company to post a net profit of $0.15 per share, slightly ahead of consensus estimates. So what are some of the trends that are likely to drive Intel's INTC results? Intel's performance was tough over much of 2023, with the PC industry undergoing a slump, as the tailwinds such as remote working and learning seen through Covid-19 eased. However, things are likely to pick up a bit in 2024. Over Q1 2024, total PC shipments rose 3.2% annually to 57.2 million units, per Canalys. Intel's growth could be a bit better, as PC vendors worked through chip inventory that they built through the pandemic over the first few quarters o [Read more]
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