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Intel Q3 figures beat estimates

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Miguel A. Rodriguez
Miguel A. Rodriguez
23 October 2020
Despite higher-than-expected figures, Intel stock price fell

Intel – the largest American semiconductor company, posted its Q3 earnings. Wall Street’s reaction was surprising.

For Q3, Intel reported earnings per share of $1.11 and $18.33 billion in revenue. The figures came above what the market had expected – an EPS of $1.1 on revenue of $18.22 billion.

Its quarterly gross margin figures came in at 54.8%, missing the 56.8% consensus. Also, it is lower than last year’s 60.4%.

The revenues for Q4 are forecasted to be $17.4 billion, with an EPS of $1.10. The market consensus is for $17.34 billion in revenues, with earnings of $1.06 per share.

Intel expects the revenue to grow 5% to $75.3 billion for the full year, while the EPS could reach $4.90.

The Q3 figures came a few days after Intel announced that it is in talks with SK Hynix to sell its NAND business for $9 billion.

Following the report, Intel stock price fell 10%.

Stay updated with the earnings report by visiting CAPEX.com!

Sources: investing.com, techcrunch.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.