Intel Might Be Down, But It's Certainly Not Out
In this video, I will be going over Intel's (NASDAQ: INTC) Q3 earnings report and talking about its plans to take on AMD and Nvidia in the next couple of years. You can find the video below.
For the third quarter, Intel reported earnings per share of $1.71, an increase of 59% year over year, which beat its own guidance by $0.61. Revenue came short at $18.1 billion, growing 5% YOY but missing estimates by $0.1 billion. Gross margin was 57.8%, 2.8 percentage points above guidance and up 1.3 percentage points YOY. But the big reason the stock fell close to 10% (besides the small miss on revenue) is that the company expects gross margins to be lower for the next two or three years as it continues to invest heavily.
Full-year revenue outlook remains unchanged at $73.5 billion, and Intel expects EPS to be $5.28, up 4% YOY and an increase of $0.48 from prior guidance.
Source Fool.com
