Intel Sees Q3 Non-GAAP EPS $(0.03); Revenue $12.5B-$13.5B Vs $12.944B Est.
Portfolio Pulse from Benzinga Newsdesk
Intel has provided its Q3 2024 guidance, forecasting non-GAAP EPS of $(0.03) and revenue between $12.5 billion and $13.5 billion, compared to the estimated $12.944 billion. The company also provided GAAP and non-GAAP estimates for gross margin and tax rate.
August 01, 2024 | 8:03 pm
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Intel's Q3 2024 guidance indicates a non-GAAP EPS of $(0.03) and revenue between $12.5 billion and $13.5 billion, slightly below the estimated $12.944 billion. This mixed outlook may lead to short-term volatility in Intel's stock price.
The guidance provided by Intel shows a non-GAAP EPS of $(0.03), which is a loss, and a revenue range that is slightly below the estimated $12.944 billion. This mixed outlook could result in short-term volatility in the stock price as investors react to the lower-than-expected earnings and revenue guidance.
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