Intel Sees Q4 2024 Non-GAAP EPS $0.12 Vs $0.08 Est.; Revenue $13.3B-$14.3B Vs $13.66B Est.
Portfolio Pulse from Benzinga Newsdesk
Intel has provided its Q4 2024 guidance, projecting non-GAAP EPS of $0.12, surpassing the $0.08 estimate, and revenue between $13.3B and $14.3B, compared to the $13.66B estimate. The guidance includes both GAAP and non-GAAP figures, with a notable difference in tax rates and gross margins.
October 31, 2024 | 10:35 pm
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Intel's Q4 2024 guidance indicates a stronger-than-expected performance with non-GAAP EPS of $0.12, exceeding the $0.08 estimate, and revenue projections between $13.3B and $14.3B, compared to the $13.66B estimate. This positive outlook could boost investor confidence.
Intel's guidance for Q4 2024 shows a non-GAAP EPS that is higher than analyst estimates, which is a positive indicator for the company's financial health. The revenue range also suggests potential growth, which could lead to a positive short-term impact on Intel's stock price.
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