Intel Sees Q1 Non-GAAP EPS $0.13 vs $0.33 Est., Revenue $12.2B-$13.2B vs $14.16B Est.
Portfolio Pulse from Benzinga Newsdesk
Intel has provided guidance for its Q1 non-GAAP earnings per share (EPS) at $0.13, which is significantly below the estimated $0.33. Additionally, the company forecasts revenue to be between $12.2 billion and $13.2 billion, falling short of the expected $14.16 billion.
January 25, 2024 | 9:04 pm
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NEGATIVE IMPACT
Intel's Q1 guidance indicates a lower-than-expected non-GAAP EPS and revenue, which could negatively impact investor sentiment and the stock price in the short term.
Intel's projected earnings and revenue for Q1 are significantly below analyst estimates, which typically leads to a negative reaction in the stock market as it may reflect weaker financial performance or challenges in the business. This news is highly relevant and important to Intel's investors, and there is a high level of confidence that the stock price will likely experience downward pressure in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100