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The Marked Chart Wire · Business
Intel
Intel stock dropped 23 percent in after-hours trading Thursday following a disappointing fourth-quarter guide. Jim Cramer voiced his frustration with the company's results.
Part of a series: Intel AI moves precede sharp stock drop on weak outlook
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Intel
Intel forecasts the total addressable market for server CPUs will exceed $200 billion within five years. The company also guided fourth-quarter revenue to between $15 billion and $16 billion.
HotIntel
Intel stock fell nearly 17% after hours as the company guided Q4 revenue to $15B-$16B, below the $17B estimate. Gross margins are expected to decline to 37% due to rising memory costs and a persistent PC market slowdown.
HotIntel
Intel shares fell about 10 percent after hours because Q4 revenue and profit forecasts were below expectations. The company cited weak PC demand and supply issues limiting data center output.
Intel
Intel disclosed its fourth-quarter 2023 earnings, showing a per-share value of $1.84. The post provides no additional context regarding revenue or guidance.
Intel
Intel projects fourth-quarter revenue between $15 billion and $16 billion, falling short of the $17.05 billion expected by analysts.
Intel
Intel reported adjusted earnings per share of $0.52 and revenue of $16.51 billion, both exceeding expectations. The company guided for fourth-quarter revenue to be roughly $300 million higher than expected, with gross margins up about 200 basis points.
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