Intel Likely To Report Q3 Loss; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Intel is expected to report a Q3 loss of 2 cents per share, a significant drop from last year's profit of 37 cents per share. Revenue is projected at $13.02 billion. Analysts have revised their ratings, with some maintaining sell ratings and lowering price targets. Intel's stock fell 2.6% recently.
October 31, 2024 | 1:57 pm
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Intel is expected to report a Q3 loss of 2 cents per share, a significant drop from last year's profit. Analysts have revised ratings, with some maintaining sell ratings and lowering price targets. Intel's stock fell 2.6% recently.
Intel's expected Q3 loss and the downward revision of analyst ratings and price targets suggest a negative short-term impact on the stock price. The recent 2.6% drop in stock price further indicates market concerns.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100