Intel Stock Earnings: INTC rises nearly 10% on earnings surprise, robust Q4 outlook

Intel nearly doubles earnings expectations for Q3. Revenue comes in strong on rising PC sales. Wall Street analysts raise their price targets on newfound trust in execution. Q4 outlook jumps well ahead of consensus forecasts. The PC market appears to be conducting a turnaround of sorts after the first half of 2023 saw laptop sales decline. JPMorgan raised its price target on Intel stock from $35 to $37, praising the company’s management for their execution.

raised its price target on

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Intel stock rises on earnings beat after cutting expensesIntel CFO David Zinsner said in a statement that the company’s earnings per share benefited from controlling expenses.
Fuente: NBCNewYork - 🏆 270. / 63 Leer más »

Intel stock rises on earnings beat and strong revenue guidanceIntel CFO David Zinsner said in a statement that the company’s earnings per share benefited from controlling expenses.
Fuente: NBCLA - 🏆 319. / 59 Leer más »

Intel Reports Strong Earnings. The Stock is Rising.Intel reported revenue of $14.2 billion, ahead of Wall Street's $13.6 billion estimate.
Fuente: MarketWatch - 🏆 3. / 97 Leer más »

Intel's stock pops as earnings crush expectations and forecast brings upsideCEO calls out ‘progress on our process and product roadmaps’
Fuente: MarketWatch - 🏆 3. / 97 Leer más »

Stock Market News Today: Nasdaq Falls 300 Points; Alphabet Stock Price Falls After EarningsLive updates on what's moving markets, including stocks the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Fuente: WSJ - 🏆 98. / 63 Leer más »

Stock Market News Today: Dow Opens Higher, Meta Stock Price Falls; Amazon Earnings in FocusLive updates on what's moving markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
Fuente: WSJ - 🏆 98. / 63 Leer más »