Intel Q3 2024 Adj EPS $0.12 Beats $(0.02) Estimate, Sales $13.30B Beat $13.02B Estimate
Portfolio Pulse from Benzinga Newsdesk
Intel reported Q3 2024 earnings of $0.12 per share, significantly beating the analyst estimate of $(0.02). Sales were $13.30 billion, surpassing the $13.02 billion estimate, despite a 6.06% decrease from last year.
October 31, 2024 | 8:03 pm
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Intel's Q3 2024 earnings per share of $0.12 beat the analyst estimate of $(0.02), and sales of $13.30 billion exceeded the $13.02 billion estimate. However, sales decreased by 6.06% compared to the same period last year.
Intel's better-than-expected earnings per share and sales figures are likely to positively impact its stock price in the short term. Beating analyst estimates by a significant margin typically boosts investor confidence, despite the year-over-year sales decline.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100