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Stockreport

Intel's stock falls 13% in premarket trading, after missing Wall Street estimates [Yahoo! Finance]

Intel Corporation (INTC)  More Company Research Source: Yahoo! Finance
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
The company forecast first-quarter revenue of $11.7 billion to $12.7 billion, with breakeven adjusted earnings, below the roughly $12.5 billion in sales and a small profit of $0.08 projected by Wall Street analysts tracked by Bloomberg. For the fourth quarter, Intel reported adjusted earnings of 15 cents per share on $13.7 billion in revenue, topping analysts' estimates. But investors focused on management's warning that supply levels will hit their lowest point in Q1, with improvements expected later in the year. "We expect our available supply to be at its lowest level in Q1 before improving in Q2 and beyond," David Zinsner, Intel CFO, said in an earnings statement. CEO Lip-Bu Tan said the company is in the middle of a multi-year turnaround, as Intel ramps production on advanced manufacturing nodes — semiconductor manufacturing processes — like 18A and develops its next-generation 14A process. Intel said early customers are evaluating 14A, while PC chips built on 18A are begi [Read more]
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Stockreport

Intel's stock falls 13% in premarket trading, after missing Wall Street estimates [Yahoo! Finance]

Intel Corporation  (INTC) 
More Company Research Source: Yahoo! Finance
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
The company forecast first-quarter revenue of $11.7 billion to $12.7 billion, with breakeven adjusted earnings, below the roughly $12.5 billion in sales and a small profit of $0.08 projected by Wall Street analysts tracked by Bloomberg. For the fourth quarter, Intel reported adjusted earnings of 15 cents per share on $13.7 billion in revenue, topping analysts' estimates. But investors focused on management's warning that supply levels will hit their lowest point in Q1, with improvements expected later in the year. "We expect our available supply to be at its lowest level in Q1 before improving in Q2 and beyond," David Zinsner, Intel CFO, said in an earnings statement. CEO Lip-Bu Tan said the company is in the middle of a multi-year turnaround, as Intel ramps production on advanced manufacturing nodes — semiconductor manufacturing processes — like 18A and develops its next-generation 14A process. Intel said early customers are evaluating 14A, while PC chips built on 18A are begi [Read more]
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%
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%
PRICE CHANGE
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%
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TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
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