Intel just fell on earnings, but it could go even lower, according to one analyst.Intel (INTC -2.84%) stock tumbled after its latest earnings report as the chipmaker once again took a step back with its turnaround plan.While the company beat estimates on the top and bottom lines, revenue growth was modest at just 9% as the company faced easy comparisons with the quarter a year ago.Even worse, investors were disappointed by Intel's outlook as it expects flat revenue growth in the second quarter and a decline ...

Intel stock just flopped again. It's become a pattern.Intel (INTC -1.29%) shareholders are licking their wounds once again after the chip titan's latest earnings report.It's a familiar position for Intel investors. The company has repeatedly disappointed the market, making big promises about revamping its business only to come up short when it's time to open the books.This time around, Intel beat estimates in the first quarter with a modest increase in revenue, but its second-quarter forecast was worse than ...

Shares of the chip giant fell on disappointing guidance.Shares of Intel (INTC -9.38%) were taking a dive on Friday after the semiconductor giant offered a disappointing forecast for the second quarter, confirming fears that it's still missing out on the artificial intelligence (AI) boom.As a result, the stock was down 9.7% as of 1:47 p.m. ET.Intel beat estimates, but Q2 looks weakFor the first quarter, Intel reported a 9% increase in revenue to $12.7 billion, well ahead of estimates at $11.9 billion. Revenu ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Intel Corp (NASDAQ: INTC) is down well over 35% versus its year-to-date high but a Goldman Sachs analyst still doesn’t see it as a bargain. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Intel stock has limited upside from hereCopy link to sectionToshiya Hari reiterated his “sell” rating on the chipmaker this morning as “AI prioritisation continued to weigh on traditional server demand”.  He lowered his price objective on $INTC as well to $34 that no ...

Intel Corp (NASDAQ:INTC) stock is 11.6% lower to trade at $31.04 at last check. Though the semiconductor giant's first-quarter profits beat expectations, revenue missed the mark. In addition, the blue chip's current-quarter outlook came in well below analysts' estimates.No fewer than 18 analysts cut their price targets in response, with the lowest coming from Wolfe Research to $29 from $31. The brokerage bunch is skeptical of INTC, with 29 of 34 firms in question calling it a tepid "hold" or worse, but the ...

Intel Corporation (INTC) reported relatively healthy first-quarter 2024 results, largely due to strong operating leverage, expense discipline and significant traction from its IDM 2.0 (integrated device manufacturing) strategy.Net IncomeThe company reported a GAAP loss of $381 million or a loss of 9 cents per share compared with a loss of $2,758 million or a loss of 66 cents per share in the year-ago quarter. The significantly narrower loss was primarily attributable to higher revenues and income tax benefi ...

Intel stock dropped 9% after the company reported Q1 earnings. Is it a buy right now?In this video, I will go over Intel's (INTC 1.77%) first-quarter earnings report. The company reported mixed results, and guidance for the next quarter fell well below analysts' expectations.*Stock prices used were from the trading day of April 25, 2024. The video was published on April 25, 2024. ...

Intel Corporation (NASDAQ:INTC) Q1 2024 Earnings Conference Call April 25, 2024 5:00 PM ET Company Participants John Pitzer - Corporate Vice President of Investor Relations Patrick Gelsinger - Chief Executive Officer David Zinsner - Executive Vice President and Chief Financial Officer Conference Call Participants Ross Seymore - Deutsche Bank Ben Reitzes - Melius Research Joseph Moore - Morgan Stanley Vijay Rakesh - Mizuho Securities Timothy Arcuri - UBS Srini Pajjuri - Raymond James Vivek Arya - Bank of Ame ...

For the quarter ended March 2024, Intel (INTC) reported revenue of $12.72 billion, up 8.6% over the same period last year. EPS came in at $0.18, compared to -$0.04 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $12.76 billion, representing a surprise of -0.29%. The company delivered an EPS surprise of +38.46%, with the consensus EPS estimate being $0.13.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expec ...