Intel Slides As Earnings Underwhelm Despite Raising Guidance

intel slides as earnings underwhelm despite raising guidance

Sumary of Intel Slides As Earnings Underwhelm Despite Raising Guidance:

  • That said, moments ago INTC reported revenue and earnings which both handily beat expectations, while the company also guided higher.
  • MobileEye is up 124% to $327 million, below Bloomberg consensus of $374 million.
  • Bloomberg Intelligence semiconductors analyst, Anand Srinivasan, said he was surprised by the strength of Intel’s margin.
  • Healthy year-over-year growth in PCs and enterprise data center, along with a weak showing for cloud revenue came as no surprise, though.
  • Here’s the company’s sources and uses of cash year-to-dateIn kneejerk reaction, INTC stock surged, but then pared gains because as Bloomberg notes, on a non-GAAP basis, the Intel numbers were basically in-line;

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