Investors are doubling down on Intel ahead of third quarter earnings - here's what to expect
Intel was up nearly 6% Thursday ahead of the processing giant's third quarter earnings, which the company will report Thursday after the bell.
Despite the market optimism, Wall Street has some big questions for the company going into its earnings - its second earnings call and its first full fiscal quarter since its CEO Brian Krzanich resigned in June over an inappropriate workplace relationship.
The market has been rocky across the board, but Intel's competitor AMD felt its wrath acutely on Wednesday after missing guidance on sales for the quarter. AMD's shares fell 20% in after hours trading Wednesday. The stock remains down nearly 17%.
Here's what analysts expect to see from Intel:
Revenues for the quarter: Analysts expect $18.11 billion.
Earnings for the quarter: Analysts expect $1.15.
Revenue guidance for fiscal 2018: Analysts expect $69.54 billion.
Earnings guidance for fiscal 2018: Analysts expect $4.16.