Intel's Q3 Loss Wider Than Expected on Impairment Charges, Shares Up

Intel Corporation (INTC) reported soft third-quarter 2024 results owing to high impairment and restructuring charges related to cost reduction and portfolio rationalization efforts. Despite solid traction from an accelerated ramp-up of artificial intelligence (AI) PCs, margins were significantly affected by initiatives to drive operational efficiency and agility, and accelerate profitable growth. The top line beat the Zacks Consensus Estimate but the bottom line missed the same.Find the latest EPS estimates ...