Intel Rallies On Q2 Earnings Beat, CEO Says Chipmaker 'Well-Positioned' In AI
Portfolio Pulse from Chris Katje
Intel Corp (NASDAQ:INTC) reported Q2 revenue of $12.9 billion, down 15% YoY but ahead of the Street consensus estimate of $10.97 billion. EPS of 13 cents beat the Street consensus estimate of a loss of 3 cents per share. The company sees Q3 revenue in a range of $12.9 billion to $13.9 billion, in line with a Street estimate of $13.23 billion. Intel shares are up 6% to $36.42 in after-hours trading.
July 27, 2023 | 8:28 pm
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Intel's Q2 results exceeded estimates, which could boost investor confidence and potentially drive the stock price up in the short term.
Intel's Q2 results exceeded the Street's estimates, which is generally seen as a positive sign by investors. This could lead to increased buying pressure, driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100