Intel (INTC) Tops Q3 EPS by 8c; Issues Q4 Guidance
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October 19, 2016 9:09 AM EDT
RBC Capital reiterated a Sector Perform rating on Intel (NASDAQ: INTC), and cut the price target to $37.00 (from $38.00), following the company's 3Q earnings report. INTC reported revenues of $15.78B, ahead of the Street's $15.58B. EPS was reported at $0.80 vs. the Street's estimate of $0.73.
Analyst Amit Daryanani commented, "While investors will likely be... More
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
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
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.
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