Down Over 10% After Earnings, Is Intel Stock Still a Buy in 2024?

Shares in Intel (INTC 0.43%) are down nearly 13% since Jan. 25 when it reported fourth quarter of 2023 earnings. The company posted revenue growth of 10% year over year, beating Wall Street estimates by $230 million. During the quarter, Intel enjoyed significant gains from a recovering PC market.However, that wasn't enough to overshadow weak guidance that sent its stock tumbling. Intel expects Q1 2024 earnings to reach $0.13 per share when analysts forecasted $0.42 per share. Meanwhile, the company projects ...