Reported 26 days ago
Intel's stock surged over 8% after the company reported Q3 earnings that surpassed revenue expectations but revealed a loss per share due to impairment charges. Despite experiencing a loss per share of $0.46 on revenue of $13.28 billion, Intel's positive guidance for Q4 and better-than-expected data center revenue bolstered investor confidence. The company anticipates Q4 revenue between $13.3 billion and $14.3 billion, indicating potential recovery amid ongoing challenges in the PC chip market and heightened competition.
Source: YAHOO