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Intel Earnings Do Little to Excite Investors: What to Know


Published on 2025-01-31 11:01:09 - Kiplinger
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  • Intel stock is struggling for direction Friday after the chipmaker reported a fourth-quarter beat but gave weak guidance. Here's what Wall Street has to say.

Intel's recent earnings report for the first quarter of 2024 showed a revenue increase to $12.7 billion, up 9% from the previous year, with earnings per share at 18 cents, surpassing expectations. Despite these positive figures, the stock experienced a decline of about 8% in after-hours trading due to concerns over the company's future outlook. Intel projected a second-quarter revenue range of $12.5 billion to $13.5 billion, which was below Wall Street's expectations, and forecasted a loss per share of 5 cents, contrary to anticipated earnings. The company highlighted growth in its Client Computing Group and Data Center and AI Group, but investors were disappointed by the lack of significant progress in Intel's foundry business and its AI initiatives, which are crucial for future growth. Additionally, Intel's CEO Pat Gelsinger emphasized the company's focus on regaining process leadership and expanding its manufacturing capabilities, but these long-term strategies did not immediately reassure investors.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/intel-earnings-do-little-to-excite-investors-what-to-know ]
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