Intel slips after earnings miss
It's a miss on earnings but a beat on revenue. Investors aren't too impressed and Intel's stock is down 3.5% in after hours.
Here are the most important numbers:
- EPS: $0.69 per share vs. $0.72 per share estimated
- Revenue: $15.8 billion vs. $15.6 billion estimated (up 9% year-over-year)
Intel's Client Computing Group, which includes its PC and mobile business, had revenue of $8.9 billion, up 5% year-over-year, while its data center business saw revenue of $4.5 billion, up 10% from a year-ago period.
Intel raised its revenue guidance to $15.6 billion last month, citing stronger demand for PCs.
This is also the first earnings report for new CFO Bob Swan, who was hired last month to replace Stacy Smith. Swan was previously a partner at General Atlantic and eBay. Smith is now overseeing the company's sales, manufacturing and operations.
- Love in the time of elections: Do politics spice up or spoil dating in India?
- Samsung Galaxy S24 Plus review – the best smartphone in the S24 lineup
- Household savings dip over Rs 9 lakh cr in 3 years to Rs 14.16 lakh cr in 2022-23
- Misleading ads: SC says public figures must act with responsibility while endorsing products
- Here’s what falling inside a black hole would look like, according to a NASA supercomputer simulation
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market