Crypto Stocks Are Heating Up

At the center of this transformation is a game-changing platform that's experiencing explosive growth with $41 million in revenue in just nine months. The stock has doubled in the last 45 days, but this is only the beginning.

Intel Stock Climbs On Better-Than-Expected Q3 Results: Details (CORRECTED)

Erica Kollmann
October 31, 2024

Editors Note: The EPS and estimate were corrected, as was the consensus revenue estimate; bullet points updated.

Intel Corp. (NASDAQ:INTC) reported its third-quarter results after Thursday's closing bell. Here's a look at the details from the report.  

The Details: Intel reported an EPS loss of 46 cents against an estimate of a loss of two cents. Quarterly revenue clocked in at $13.28 billion, which beat the consensus estimate of $13.02 billion.

“Our Q3 results underscore the solid progress we are making against the plan we outlined last quarter to reduce costs, simplify our portfolio and improve organizational efficiency. We delivered revenue above the midpoint of our guidance, and are acting with urgency to position the business for sustainable value creation moving forward,” said Pat Gelsinger, Intel CEO.

“The momentum we are building across our product portfolio to maximize the value of our x86 franchise, combined with the strong interest Intel 18A is attracting from foundry customers, reflects the impact of our actions and the opportunities ahead,” Gelsinger added.

The company recorded an impact of negative 63 cents to non-GAAP EPS attributable to Intel from $3.1 billion of impairment charges.

“Restructuring charges meaningfully impacted Q3 profitability as we took important steps toward our cost reduction goal,” said David Zinsner, Intel CFO. “The actions we took this quarter position us for improved profitability and enhanced liquidity as we continue to execute our strategy. We are encouraged by improved underlying trends, reflected in our Q4 guidance.”

Outlook: Intel expects fourth-quarter earnings of 12 cents per share and gross margin of 39.5%.

Read Next: Reddit ‘Remains A Favorite’ For Wall Street After ‘Emphatic Beat And Raise’ In Q3

INTC Price Action: According to Benzinga Pro, Intel shares are up 12.27% after-hours at $24.17 at the time of publication Thursday.

Read Also: 

  • Starbucks Analysts Bullish On CEO Brian Niccol After Tough Preannouncement: ‘Zeroing In’ On Right Issues

Photo: Shutterstock

Continue Reading...

Popular

Why Cannabis Sales Are Down In Massachusetts And New Mexico: The Numbers Behind The Dip

Massachusetts' average revenue per dispensary dropped to $362k/month, down 8% year-over-year, in New Mexico sales went down 3% in November.The cannabis industry continues to show mixed results across key U.S. markets, with notable developments in California, Massachusetts, and New Mexico.

Amazon Shareholders Propose Adding Bitcoin To Treasury For 'Best' Long-Term Interest, Cite Michael Saylor's MicroStrategy As Example

Following in the footsteps of other Wall Street giants, shareholders of online retail giant Amazon.com Inc. (NASDAQ:AMZN) urged the firm Sunday to consider a Bitcoin (CRYPTO: BTC) treasury strategy to enhance shareholder va

There's Only ONE AI Company That Matters - Ad

It's not Nvidia, AMD, IBM, or any new startup. It's not even an artificial intelligence company... yet it holds the key to the entire AI market. Get all the details of the critical technology that the entire AI sector needs to survive.

Trump's Transition Team Considering Undoing USPS's Contracts With Ford, Oshkosh For Electrifying Fleet: Report

President-elect Donald Trump's transition team is reportedly considering canceling the U.S. Postal Service's (USPS) contracts aimed at electrifying its delivery fleet.

Warren Buffett Once Said Hiring Someone To Change Them Is 'Just As Crazy' As Marrying Someone To Change Them: 'The Reason That Berkshire Has Been Successful…'

Warren Buffett and Charlie Munger's leadership philosophy emphasizes the importance of integrity, intelligence, and energy in hiring and managing talent, with Buffett advocating for leaders who have a clear vision and the ability to inspire, while also acknowledging that leadership qualities can be developed over time.

Do Not Read This If You're an Elon Musk Hater - Ad

Elon Musk believes his new AI product will be worth an incredible $9 trillion. But the mainstream media is not buying it. Fortune called it "all smoke and mirrors" The Economist said that Elon's promises are "long on bombast and short on reality." And MarketWatch called it "a pipe dream."

Stocks to Buy (and Sell) Before Inauguration Day

Experts predict Trump's policies will positively affect energy, finance, defense sectors; stocks to buy include EPD, JPM, LMT, while others may decline.

Tesla Cybertruck Crash In California Claims 3 Lives, Leaves 1 Seriously Injured

In a tragic incident early Wednesday, a Tesla Cybertruck crashed in Piedmont, California, resulting in three fatalities and one serious injury.

Crypto Stocks Are Heating Up - Ad

At the center of this transformation is a game-changing platform that's experiencing explosive growth with $41 million in revenue in just nine months. The stock has doubled in the last 45 days, but this is only the beginning.

China And Europe Markets Advance, Gold And Dollar Tick Higher - Global Markets Today While US Slept

US markets closed lower due to tech shares and UnitedHealth's decline. Jobless claims rose, while trade deficit narrowed. Asia markets mixed, oil prices fell.

Donald Trump Can't Save You From This Crisis - Ad

A huge economic crisis is about to strike America. 12 months from today, our country could be unrecognizable. That's why I've recorded this video and released it for free. Inside, I lay out exactly what's happening and several critical moves I believe every American should make right now.

Radical Jaguar rebrand and new logo sparks ire online

NEW YORK (AP) — A for a rebrand of British luxury car brand Jaguar is being criticized online for showing models in brightly colored outfits — and no car.

UPS to pay $45M to US settle charges that it improperly valued its freight division

UPS will pay $45 million to settle charges that it improperly valued its freight division, the Securities and Exchange Commission announced Friday.

What's Going On in This Strange Facility Near Mar-A-Lago? - Ad

Most people have no clue this unassuming facility exists. Yet the minute Donald Trump takes office... This could be the most important building in America. More important than the Capital, the Pentagon... even the White House. Because this may well be the epicenter of Trump's New Manhattan Project.

Top 3 Financial Stocks That Could Lead To Your Biggest Gains In Q4

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

Trump's Energy Policies Poised To Reshape Oil & Gas Market: Winners And Losers Revealed

Trump's energy plans could reshape US markets with potential tariffs, increased production, and LNG exports. Goldman Sachs breaks down winners and losers.

Did You See Trump's Bombshell Exec. Order 001? - Ad

Biden broke it... Now Trump is going to fix it. Starting with "Exec. Order 001." It's a bombshell law that Trump could sign within minutes of stepping into the Oval Office... And it will instantly set off the most sweeping government technology project in 80 years... The most lucrative, too...

Shoplifting ring that stole $2M in cosmetics, clothes to be resold in NYC, Dominican Republic busted

NEW YORK (AP) — A shoplifting ring that stole nearly $2 million in clothes and beauty products from Macy’s and other well-known stores in the U.S. and then resold them in New York City and the Dominican Republic has been busted, law enforcement officials announced Tuesday.

Are MicroStrategy's Shares Worth Only $105? Investment Adviser Gary Black Weighs In

Renowned investment adviser Gary Black questioned the valuation of MicroStrategy Incorporated, suggesting the company's stock was significantly overpriced.

Crypto Stocks Surge Amid Market Boom - Ad

Crypto stocks are on fire as Bitcoin hits all-time highs. One under-the-radar company is leading the charge, managing $2.1 billion in client assets and seeing record trading volumes. With crypto adoption skyrocketing, this could be a game-changing opportunity.

Intel, Cleanspark, Super Micro Computer, Upstart, Tesla: Why These 5 Stocks Are On Investors' Radars Today

U.S. markets saw mixed results on Monday: the Dow Jones Industrial Average slipped 0.3% to 44,782, the S&P 500 edged up 0.2% to 6,047.15, and the Nasdaq climbed nearly 1% to close at 19,403.95. These are the top stocks that gained the attention of retail traders and investors throughout the day: Intel Corporation

Trump Taps Perdue for China, Signaling More Tension with Beijing

President-elect Trump will name ex-Sen. David Perdue (R-Ga.) as his choice for ambassador to China, a pivotal role in shaping the future of U.S.-China relations.

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

What to know about Scott Bessent, Trump's pick for treasury secretary

WASHINGTON (AP) — has chosen money manager Scott Bessent, an advocate for deficit reduction and deregulation, to serve as his next treasury secretary.

Crypto Stocks Surge Amid Market Boom - Ad

Crypto stocks are on fire as Bitcoin hits all-time highs. One under-the-radar company is leading the charge, managing $2.1 billion in client assets and seeing record trading volumes. With crypto adoption skyrocketing, this could be a game-changing opportunity.

He'll be the last meatpacker in the Meatpacking District. Here's how NYC's gritty 'hood got chic

NEW YORK (AP) — When John Jobbagy’s grandfather immigrated from Budapest in 1900, he joined a throng of European butchers chopping up and shipping off meat in a loud, smelly corner of Manhattan that New Yorkers called the Meatpacking District.

Gates-Backed Company Holds the Future of AI - Ad

Bill Gates is making his next big bet. And this time, it's with artificial intelligence. Over the last several years, Gates has quietly invested more than $750 million into this technology. And he's not the only one. Warren Buffett, Peter Thiel, Jeff Bezos, and others are in on it too. In this new exposé, Porter Stansberry shares all the details.

What will happen to CNBC and MSNBC when they no longer have a corporate connection to NBC News?

Comcast's means that there will soon be two television networks with “NBC” in their name — CNBC and MSNBC — that will no longer have any corporate connection to NBC News.

Trump speaks with Mexico's president, claims an agreement to effectively close the border

WEST PALM BEACH, Fla. (AP) — Two days after President-elect Donald Trump sweeping new tariffs on Canada and Mexico as part of his effort to crack down on illegal immigration and drugs, he said he spoke with the Mexican president and she “agreed to stop Migration through Mexico."

Exposed: 3 Cent Crypto to Explode December 16th? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on December 16th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

OpenAI's ChatGPT Makes Headway In Search, Threatening Google's Reign

ChatGPT is gaining traction in the online search market, potentially challenging Google's long-established supremacy.

3 killed, 1 seriously injured in Tesla Cybertruck crash in Northern California

PIEDMONT, Calif. (AP) — Three people were killed and one seriously injured early Wednesday when a Tesla Cybertruck crashed and caught fire in Northern California, officials said.

Why Do So Many Billionaire Investors Seem Scared of This Bull Run? - Ad

Well-connected billionaires like Warren Buffett have been selling off US stocks at an alarming rate. Today, one of America's most trusted market experts is stepping forward to explain what's really going on behind the scenes of this bull market - and why you could soon face losses of 50% or more if you do nothing.

Biden Grants 'Full and Unconditional' Pardon To Hunter: 'I Hope Americans Will Understand'

On Sunday Dec. 1, 2024, President Joe Biden pardoned his son Hunter, citing unfair prosecution and political pressure undermining justice.

Is Enron back? If it's a joke, some former employees aren't laughing

HOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001.

Why December 18th Will Impact Stocks More Than The Election - Ad

A man from a completely different government branch is going to stand up, say a few words... and make history in the stock market. This event comes along only every 25 years... And experts are already positioning themselves to profit from it.

Stock Of The Day: Autodesk Beats Earnings As Shares Find Support At This Level

Shares or Autodesk (ADSK) are trading lower despite beating earnings. Some investors are selling over concerns of reduced margins.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service