Intel Q4 Sales $15.40B Beat $15.16B Estimate
Portfolio Pulse from Benzinga Newsdesk
Intel (NASDAQ:INTC) reported Q4 sales of $15.40 billion, surpassing the analyst consensus estimate of $15.16 billion by 1.61% and marking a 9.67% increase from $14.04 billion in the same period last year.
January 25, 2024 | 9:01 pm
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POSITIVE IMPACT
Intel's Q4 sales exceeded expectations, indicating potential positive sentiment and investor confidence in the short term.
Beating sales estimates typically generates positive market sentiment, which can lead to a short-term increase in stock price. The 9.67% YOY growth further strengthens the case for a positive impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100