Intel Stock Climbs On Better-Than-Expected Q3 Results: Details (CORRECTED)
Portfolio Pulse from Erica Kollmann
Intel Corp. reported better-than-expected Q3 results, with earnings of 12 cents per share and revenue of $13.3 billion, surpassing analyst estimates. The company is focusing on cost reduction and improving efficiency, despite a negative impact from impairment charges. Intel's stock rose 12.27% in after-hours trading.
October 31, 2024 | 8:37 pm
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Intel's Q3 earnings exceeded expectations, reporting 12 cents per share against an expected loss, and revenue of $13.3 billion. Despite impairment charges, the company is focusing on cost reduction and efficiency, leading to a 12.27% rise in after-hours trading.
Intel's better-than-expected earnings and revenue, along with strategic focus on cost reduction and efficiency, positively impacted investor sentiment, resulting in a significant after-hours stock price increase.
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