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

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

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

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

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

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