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Intel Stock Is on the Rise Despite Poor Earnings. Why?

TheMotleyFool

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Intel Stock Is on the Rise Despite Poor Earnings. Why?: https://g.foolcdn.com/editorial/images/706715/coworkers-take-in-information-from-a-pc.jpg

Something remarkable happened recently with Intel's (NASDAQ: INTC) stock. The company released its third-quarter earnings report, disappointing investors on earnings and revising its revenue projections lower.

But despite that news, Intel stock actually increased in next-day trading. Given those results and the reaction, is it finally time to buy Intel stock?

Admittedly, Intel's latest earnings report shows the depth of its issues. The company reported $15.3 billion in revenue for the third quarter of 2022. From a GAAP perspective, that fell 20% from year-ago levels but slightly beat the consensus estimate of $15.25 billion.

Source Fool.com

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