Intel will be the first major computer-chip maker to report its third-quarter results after the market close.According to FactSet, the consensus call among analysts is that Intel will report revenue of $13.6 billion and adjusted earnings of 22 cents a share for the September quarter. Analysts’ estimate for the current quarter’s revenue is $14.4 billion, with EPS of 33 cents.
Earlier this week, Bernstein analyst Stacy Rasgon reaffirmed his Market Perform rating and $34 price target for Intel stock, citing the risk to the chip maker’s profitability next year. The analyst says demand for the company’s data center server chips remains weak and forecasts 2024 earnings per share of $1.53 versus the Wall Street consensus of $1.74.Write to Tae Kim at tae.kim@barrons.com
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Trading Earnings Season: 3 Steps for Using Earnings ReportsLearn how to trade earnings season, with tips on choosing companies and researching market conditions to establishing a strategy.
Fonte: DailyFX - 🏆 305. / 63 Leggi di più »
Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »
Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »
Nvidia extends gains amid reports it’s taking on Intel in PC chip marketAI leader Nvidia is reportedly looking to leverage technology from Arm Holdings to make chips for the PC market in what could be a major challenge to Intel.
Fonte: startelegram - 🏆 248. / 63 Leggi di più »
Stock Market Today: Treasury rebound gives stocks a lift; mega-cap tech earnings on deckInvestors are waking up to a huge day on Wall Street, with a host of third quarter earnings, PMI data, a 2-year note auction and mega-cap tech updates all on the slate.
Fonte: startelegram - 🏆 248. / 63 Leggi di più »
Fonte: THR - 🏆 411. / 53 Leggi di più »