Is Intel Stock a Buy?
Intel's (NASDAQ: INTC) stock tumbled nearly 12% on Oct. 22 after the chipmaker posted its third-quarter earnings report.
Its non-GAAP revenue, which excludes the upcoming sale of its NAND memory business to SK Hynix, rose 5% year over year to $18.1 billion, but missed expectations by $170 million. But its non-GAAP earnings still increased 59% to $1.71 per share, which easily beat expectations by $0.60.
Those results weren't disastrous, but they indicate Intel's ambitious turnaround plans have yet to bear any fruit. Let's review Intel's main challenges, and whether or not its stock is worth buying after its post-earnings plunge.
Source Fool.com
