RBC Capital Reiterates Sector Perform on Intel (INTC) Following 3Q Beat

Nomura Securities Cuts Price Target on Intel (INTC) Following 3Q Report

October 19, 2016 8:33 AM EDT

Nomura Securities maintained a Buy rating on Intel (NASDAQ: INTC), and cut the price target to $40.00 (from $42.00), following the company's 3Q earnings report. Intel reported revenue and EPS of $15.8b and $0.80, higher than both estimates of $15.6b and $0.72. INTC guided revenue to $15.7b, below... More

Intel (INTC): Weak Enterprise Crimps DCG Growth - Needham

October 19, 2016 8:30 AM EDT

Needham & Company analyst, Quinn Bolton, cut his Intel (NASDAQ: INTC) price target to $42 from $43 after the company reported 3Q16 results near the high end of revised guidance and above his forecast.

Guidance for 4Q16 exceeded the analysts forecast but fell short of Street... More

Jefferies Cuts Price Target on Intel (INTC) Following Weak 4Q Outlook

October 19, 2016 7:37 AM EDT

Jefferies maintained a Buy rating on Intel (NASDAQ: INTC), and cut the price target to $46.00 (from $49.00), following the company's 3Q earnings report. 3Q revs of $15.8 billion increased by 9% YY, and beat the revised outlook of $15.6b. Non-GAAP EPS of $0.80 beat consensus by $0.07, and is... More

Oil, earnings lift Wall Street but Intel drags

October 19, 2016 7:35 AM EDT

By Chuck Mikolajczak

NEW YORK (Reuters) - U.S. stocks notched a second straight day of gains on Wednesday, as climbing oil prices lifted the energy sector and earnings from Morgan Stanley provided a boost to financials.

Brent crude settled up 1.9 percent and U.S. crude settled up 2.6 percent after touching a 15-month high following a government report that showed a sharp drop in domestic inventories for the sixth week in seven.

The energy sector rose 1.4 percent, its biggest gain in seven sessions. A 4.2-percent rise in Halliburton (NYSE:... More

Intel (INTC): Fundamentals Still Improving Despite DCG Shortfall

October 19, 2016 6:30 AM EDT

Baird analyst, Tristan Gerra, reiterated his Outperform rating on shares of Intel (NASDAQ: INTC) after the company reported earnings that showed a slowdown in the data center group. The analyst believes that DCG's lowered outlook could weight on INTC shares for the rest... More

After-Hours Stock Movers 10/18: (YHOO) Higher; (CREE) (VIVO) (MANH) Lower (more...)

October 18, 2016 6:16 PM EDT

After-Hours Movers

Cree (NASDAQ: CREE) 9.5% LOWER; reported Q1 EPS of $0.09, $0.02 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $321.3 million versus the consensus estimate of $322.77 million. GUIDANCE: Cree sees Q2 2017 EPS of $0.13-$0.19, versus the consensus of $0.15. Cree sees Q2 2017 revenue of $310-330 million, versus the consensus of $336.7 million.

Meridian Bioscience, Inc. (Nasdaq: VIVO) 9% LOWER; announced that based on preliminary results, it expects revenues for fiscal year 2016, ended on September 30, 2016, to be approximately $196... More

Intel's results beat estimates; forecast disappoints

October 18, 2016 4:08 PM EDT

By Rishika Sadam and Nayyar Rasheed

(Reuters) - Intel Corp (NASDAQ: INTC) reported better-than-expected quarterly earnings and revenue, boosted by improving PC demand and growth in its data center and cloud businesses, but its revenue forecast for the current quarter disappointed Wall Street.

The world's largest chipmaker's shares were down 5.3 percent at $35.75 in after-hours trading on Tuesday.

Intel said it expects fourth-quarter revenue of $15.7 billion, plus or minus $500 million. Analysts on average were expecting $15.86 billion, according to Thomson Reuters I/B/E/S.

... More

Intel (INTC) Tops Q3 EPS by 8c; Issues Q4 Guidance

October 18, 2016 4:01 PM EDT

(Updated - October 18, 2016 4:05 PM EDT)

Intel (NASDAQ: INTC) reported Q3 EPS of $0.80, $0.08 better than the analyst estimate of $0.72. Revenue was $15.8 billion, versus $15.58 billion expected.

Adjusted gross margin was 64.8 percent, versus 63.0 percent expected.

Guidance:

Sees Q4 revenue of $15.7 billion, +/- $800... More

Intel (INTC) October 37.50 straddle priced for movement of 3.5% into Q3

October 18, 2016 3:30 PM EDT

Intel (NASDAQ: INTC) October 37.50 straddle priced for movement of 3.5% into Q3

... More

Notable Analyst Rating Changes 10/18: (PKG) (INTC) (GPOR) Upgraded; (DDR) (CMG) (CRZO) Downgraded

October 18, 2016 10:20 AM EDT

UPGRADES
BofAMerrill Lynchh upgrades Packaging Corp. of America (NYSE: PKG) from Neutral to Buy with a price target of $92.

Barclays raises Intel (Nasdaq: INTC) from Equalweight to Overweight with a price... More

Pre-Open Stock Movers 10/18: (NFLX) (SM) (TACO) Higher; (BMI) (NKTR) (IBM) Lower (more...)

October 18, 2016 9:25 AM EDT

Today's Pre-Open Movers

Netflix (NASDAQ: NFLX) 17.1% HIGHER; reported Q3 EPS of $0.12, $0.06 better than the analyst estimate of $0.06. Revenue for the quarter came in at $2.29 billion versus the consensus estimate of $2.28 billion. Q3 U.S. subscriber additions were 370K, versus the consensus of 310K. Q3 Intl. streaming additions were 3.2 million, versus consensus of 2 million. For Q4, Netflix forecast 5.2 million global net adds, with 1.45 million net adds in the US (cons is 1M) and 3.75 million new members internationally (cons is 3.37 million). The company sees Q4 revenue of $2.34 billion, versus the... More

Wall St. climbs on earnings improvement

October 18, 2016 7:28 AM EDT

By Chuck Mikolajczak

NEW YORK (Reuters) - Wall Street advanced on Tuesday to give the S&P 500 its best day this month on the heels of solid earnings reports from names such as UnitedHealth and Netflix that put corporate profits on track to snap a four-quarter streak of declines.

Of the 52 S&P 500 companies that have reported results to date for the third quarter, 81 percent have reported earnings that topped average analyst estimates, according to Thomson Reuters I/B/E/S.

Third-quarter earnings are now expected to show growth of 0.2 percent, which would... More

Barclays Sees Intel (INTC) as Among Cheapest in Semiconductors and Lifts Rating to 'Overweight'

October 18, 2016 6:38 AM EDT

(Updated - October 18, 2016 10:09 AM EDT)

Barclays upgraded Intel (NASDAQ: INTC) from Equalweight to Overweight with a price target of $45. Intel is set to report Q3 results after the bell today, and analyst Blayne Curtis expects solid results from most U.S. semiconductor companies. Overall he thinks Intel will benefit from better PC trends, increasing diversification, and compelling relative valuation.

"We see mostly... More

Trading Radar for 10/18: Goldman Sachs (GS), Intel (INTC), Yahoo! (YHOO), J&J (JNJ), Harley-Davidson (HOG) Report

October 17, 2016 2:07 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

CPI - Street sees 0.3%Core CPI - Street sees 0.2%

Earnings:

Badger Meter (NYSE: BMI) - consensus EPS $0.33
BlackRock (NYSE: BLK) - consensus EPS $4.98
Comerica (NYSE: CMA) -... More