Intel stock

2023 - 1 - 27

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Intel stock tumbles over 10% after brutal results (CNBC)

Intel shares fell before the opening bell, after the company reported horrid quarterly and full-year results, off of slackening chip demand.

The chipmaker's [tepid quarterly numbers](https://www.cnbc.com/2023/01/26/intels-horrible-quarter-inventory-glut-and-underused-factories.html), with a 32% year-over-year revenue decline and a net loss of $664 million for the fourth quarter of 2022, took both analysts and investors by surprise. It's a significant test for Intel CEO Pat Gelsinger, who took the top job at the 54-year-old chip company in 2021. Rosenblatt maintained its sell rating for Intel and lowered its price target from $20 to $17.

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Intel's Stock Falls 10% On Earnings Miss (Baystreet.ca)

Shares of Intel (INTC) are down 10% after the semiconductor and microchip company issued fourth-quarter results that missed Wall Street's expectations.

a share on $13.93 billion U.S. to $11.5 billion U.S. per share on $10.5 billion U.S. compared to $14.45 billion U.S. Q4 net loss, compared with a profit of $4.62 billion U.S. Intel’s Q4 revenue came in at $14.04 billion U.S.

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Grim Intel Outlook Tied to Weak PC Demand (TheStreet)

Intel shares plunged lower Friday after the chipmaker posted weaker-than-expected fourth quarter earnings and said lingering weakness in PC demand would ...

We expect it to remain difficult as we go through the first half of the year, but we're laser-focused on controlling the things that we can and every aspect of our execution, cost management and transformation is in our hands and we are well underway in executing against those paths." "However, our experts say that it has been a disappointment so far because of Intel’s continuous inconsistency in delivery," he added. "We're confident in the strategic outlook that we have for our business, although the macro is difficult," he added. Revenues were also light at $14 billion, compared to a Street forecast of $14.5 billion, , while gross margins fell to 43.8%. [AMD](https://www.thestreet.com/quote/AMD)) - [Get Free Report](https://secure2.thestreet.com/cap/prm.do?OID=033365&ticker=AMD) shares marked 1.3% lower at $74.15 each while Nvidia ( [NVDA](https://www.thestreet.com/quote/NVDA)) - [Get Free Report](https://secure2.thestreet.com/cap/prm.do?OID=033365&ticker=NVDA) fell 0.7% to $196.65 each. Network and Edge Group sales were down 1% to $2.1 billion. we lost share ... "We stumbled ... [AMD](https://www.thestreet.com/quote/AMD)) - [Get Free Report](https://secure2.thestreet.com/cap/prm.do?OID=033365&ticker=AMD) new 'Genoa' data center chip which CEO Lisa Su said will translate into "lower capex, lower opex and lower total cos of ownership" for enterprises and for cloud data centers. "We think that stabilizes this we're (and) going to be building a road map that allows us to regain leadership for the long term in this critical market." [INTC](https://www.thestreet.com/quote/INTC)) - [Get Free Report](https://secure2.thestreet.com/cap/prm.do?OID=033365&ticker=INTC) shares plunged lower Friday after the chipmaker posted weaker-than-expected fourth quarter earnings and said lingering weakness in PC demand would pressure margins and clip near-term profits over the coming months. [bottom](https://www.thestreet.com/dictionary/b/market-bottom) line for the December quarter was pegged at a 10 cents per share, while the Street had forecast a 20 cents per share profit.

Intel stock drops nearly 10% after earnings miss, execs predict ... (Morningstar.com)

By Wallace Witkowski. CEO Gelsinger predicts server-market declines in first half of 2023 before growth will resume. Intel Corp. shares dropped more than 9% ...

Gross margins for the fourth quarter dropped to 43.8% from 55.8% a year ago, and from 45.9% in the third quarter. After adjusting for restructuring charges and other items, Intel reported earnings of 10 cents a share, compared with $1.13 a share from a year ago. (AMD), which saw shares drop more than 3% in after-hours trading, and Nvidia Corp. In the fourth quarter, AI group sales dropped 33% to $4.3 billion, while the Street expected revenue of $4.08 billion. Analysts surveyed by FactSet had estimated adjusted first-quarter earnings of 25 cents a share on revenue of $13.93 billion. Gelsinger said that Intel was going to "squeeze" its effective capacity.

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Intel's 'historic collapse' triggers selloff in chip stocks (Reuters)

Five of the biggest U.S. chipmakers were set to erase nearly $15 billion in market value on Friday after Intel Corp stumped Wall Street with dismal earnings ...

Intel supplier KLA Corp [(KLAC.O)](https://www.reuters.com/companies/KLAC.O) fell 5% after its [dismal forecast](/technology/kla-forecasts-q3-revenue-below-estimates-2023-01-26/). chipmaker stumped Wall Street with dismal earnings projections, fanning fears around a slump in the personal-computer market. [(2330.TW)](https://www.reuters.com/companies/2330.TW) to make chips that outpace Intel's technology. [(AMD.O)](https://www.reuters.com/companies/AMD.O) and Nvidia [(NVDA.O)](https://www.reuters.com/companies/NVDA.O) recovered from steep premarket losses to trade flat. Register for free to Reuters and know the full story [(INTC.O)](https://www.reuters.com/companies/INTC.O) was set to erase nearly $10 billion in market value on Friday after the U.S.

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Intel's Data Warning Hits AMD, Nvidia. Chip Sector Upheaval Ahead. (Barron's)

Intel (ticker: INTC) shares were down 10% in premarket trading after the chip maker missed expectations for the fourth quarter and provided a revenue forecast ...

](https://www.barrons.com/market-data/stocks/intc) Intel [

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Intel's 'historic collapse' sparks selloff in chip stocks (Economic Times)

The company's shares were down 10% in premarket trading after Intel predicted a surprise loss for the period and provided a revenue forecast that was below ...

chipmaker stumped Wall Street with dismal earnings projections, fanning fears around a slump in the personal-computer market. Intel, which plans to cut $3 billion in costs this year, generated $7.7 billion in cash from operations in the fourth quarter and paid dividends of $1.5 billion. Intel supplier KLA Corp fell 5% after its dismal forecast.

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Intel Stock Tanks As Chipmaker Misses Q4 Targets, Forecasts Loss (Investor's Business Daily)

Chipmaker Intel missed Wall Street's targets for sales and earnings in the fourth quarter. Intel stock tumbled on the news.

Analysts had predicted adjusted earnings of 17 cents a share on sales of $533 million. In the same quarter last year, Intel earned 87 cents a share on sales of $18.35 billion. [IBD Stock Checkup](https://research.investors.com/stock-checkup/nasdaq-intel-intc.aspx). The best growth stocks have a Composite Rating of 90 or better. For the current quarter, Intel expects to lose an adjusted 15 cents a share on sales of $11 billion. Wall Street was expecting earnings of 25 cents a share on sales of $13.93 billion in the first quarter. Adjusted earnings rose 110% to 27 cents a share. The Santa Clara, Calif.-based company late Thursday said it earned an adjusted 10 cents a share on sales of $14.04 billion in the December quarter. Intel's PC chip unit saw sales drop 36% to $6.6 billion in the fourth quarter. During the regular session Thursday, Intel stock rose 1.3% to close at 30.09. He reiterated is equal weight, or neutral, rating on Intel stock. On a year-over-year basis, Intel earnings plummeted 92% while sales dropped 28%.

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Intel Shares Fall Most Since July After Forecasting Surprise Loss (Bloomberg)

Intel Corp. fell the most since July after giving one of the gloomiest quarterly forecasts in its history.

At the low end of Intel’s projections, revenue would be the smallest quarterly total since 2010. The company late Thursday [predicted](https://www.bloomberg.com/news/articles/2023-01-26/intel-tumbles-after-forecast-suggests-its-comeback-is-far-off) a surprise loss in the current period and a sales range that missed analysts’ estimates by billions of dollars, the result of a personal-computer slump that has ravaged the chipmaker’s business.

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Intel stock tumbles, but shaves just 19 points off the Dow's price (MarketWatch)

Shares of Intel Corp. tumbled 9.6% in premarket trading, putting them on track for the worst one-day performance in 15 months, in the wake of the...

Shares of Intel Corp. tumbled 9.6% in premarket trading, putting them on track for the worst one-day performance in 15 months, in the wake of the semiconductor maker’s

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Intel Stock Forecast: INTC down nearly 11% in premarket as poor ... (FXStreet)

Well, that did not go as planned. Intel (INTC) launched the semiconductors earnings season with a severe cut to their guidance late Thursday. Now INTC.

Experts at the crypto intelligence tracker Santiment believe the recent spike in activity by whales on these networks needs to be watched closely. The author makes no representations as to the accuracy, completeness, or suitability of this information. EUR/USD has extended its slide toward 1.0850 in the American session. The author has not received compensation for writing this article, other than from FXStreet. [stock](https://www.fxstreet.com/markets/equities) has plunged -10.7% in the premarket and is trading below $27. The author will not be held responsible for information that is found at the end of links posted on this page. $24.87 is the long-term low for Intel stock and hails from August 2015. Still most observers think Intel is in a risky era, and many question if the legacy chipmaker can continue with its generous dividend. Much worse than the quarter's results was that Intel expects the drought to continue and get more severe. Revenue came in poorly as well for the quarter ending in December at $14 billion, about half a billion dollars less than consensus. Intel stock is now in danger of falling back to support from 2015 and maybe even breaking below there. Intel (INTC) launched the semiconductors earnings season with a severe cut to their guidance late Thursday.

Intel Stock Ripped Apart After Earnings (Schaeffers Research)

The chipmaker reported fourth-quarter earnings and revenue that were well wide of Wall Street's estimates. The company also forecasted a loss for the current ...

Options traders are blasting Intel stock from both sides of the aisle. No fewer than 10 brokerage firms have issued bear notes, including Bernstein's newly established price target of $20 adjusted down from $23. The most activity is taking place at the weekly 1/27 28- and 27.50-strike puts. The chipmaker reported fourth-quarter earnings and revenue that were well wide of Wall Street's estimates. Intel Corporation (NASDAQ:INTC) is the talk of Wall Street this morning, after an ugly quarterly report. The surprise forecast loss has sent the semiconductor sector spiraling today-- both

Intel stock drops nearly 10% after earnings miss, execs predict ... (Morningstar.com)

By Wallace Witkowski. CEO Gelsinger predicts server-market declines in first half of 2023 before growth will resume. Intel Corp. shares dropped more than 9% ...

Gross margins for the fourth quarter dropped to 43.8% from 55.8% a year ago, and from 45.9% in the third quarter. After adjusting for restructuring charges and other items, Intel reported earnings of 10 cents a share, compared with $1.13 a share from a year ago. (AMD), which saw shares drop more than 3% in after-hours trading, and Nvidia Corp. In the fourth quarter, AI group sales dropped 33% to $4.3 billion, while the Street expected revenue of $4.08 billion. Analysts surveyed by FactSet had estimated adjusted first-quarter earnings of 25 cents a share on revenue of $13.93 billion. Gelsinger said that Intel was going to "squeeze" its effective capacity.

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Stock Market Today: Dow Gains 150 Points on Key Inflation Data ... (The Wall Street Journal)

Shares of Intel fell sharply in early trading Friday after the chipmaker late yesterday reported a fourth-quarter loss and a downbeat outlook for the ...

The Q1 outlook was far far worse." The retreat dragged on the S&P 500's information technology sector, which was off 0.3%.\n\n"The earnings report was disappointing (with Intel only achieving the low end of prior guidance)," Wedbush analyst Matt Bryson said in a Friday note. Shares of Intel fell sharply in early trading Friday after the chipmaker late yesterday reported a fourth-quarter loss and a downbeat outlook for the current quarter.

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Jim Cramer's top 8 things to watch in the market Friday: Intel sinks ... (CNBC)

Intel (INTC) catches multiple price target cuts on Wall Street after missing estimates with fourth-quarter earnings and revenue.

The Club's oil stocks are [Coterra Energy](https://www.cnbc.com/quotes/CTRA/) (CTRA), [Devon Energy](https://www.cnbc.com/quotes/DVN/) (DVN), [Halliburton](https://www.cnbc.com/quotes/HAL/) (HAL) and [Pioneer Natural Resources](https://www.cnbc.com/quotes/PXD/) (PXD). [American Express](/quotes/AXP/) (AXP) and [Visa](/quotes/V/) (V) move higher. [Abbott Laboratories](/quotes/ABT/) (ABT) price target to $125 per share from $122. [MasterCard](/quotes/MA/) (MA) also posts a strong quarter. ](https://www.cnbc.com/investingclub/homestretch/) [On Semiconductor](/quotes/ON/) (ON) price target to $85 per share from $75; keeps overweight (buy) rating. UBS cuts price target to $90 per share from $110; keeps buy rating. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. [Chevron](/quotes/CVX/) (CVX) posts a record $36.5 billion profit for 2022. [Intel](/quotes/INTC/) (INTC) catches multiple price target cuts on Wall Street after missing estimates with fourth-quarter earnings and revenue. Shares drop 10% early Friday, pressuring [Nasdaq](/quotes/.IXIC/) stocks into the open. I don't see this being the last change because these moves were in the works prior to a big investor taking a stake.

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Intel CEO: 'We are committed to the dividend' (Yahoo Finance)

Intel (INTC) CEO Pat Gelsinger pushed back on the notion that his company's turnaround struggles would spell the end of its coveted dividend payout.

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Intel's Stock Falls 10% On Earnings Miss (Baystreet.ca)

Shares of Intel (INTC) are down 10% after the semiconductor and microchip company issued fourth-quarter results that missed Wall Street's expectations.

a share on $13.93 billion U.S. to $11.5 billion U.S. per share on $10.5 billion U.S. compared to $14.45 billion U.S. Q4 net loss, compared with a profit of $4.62 billion U.S. Intel’s Q4 revenue came in at $14.04 billion U.S.

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Why did Intel stock go down today? Guidance shocks Wall Street (Seeking Alpha)

Intel (INTC) shares stumbled more than 6% Friday after the semiconductor giant reported weak fourth-quarter results and issued a stunningly weak ...

"We cannot ignore the Intel-specific dynamics exacerbating this pain," such as overly confident revenue outlook and hiring in 2022 and data center roadmap issues. "While no full-year guidance was provided, [Intel] sees the [first-half] correction will be followed by a [second-half] recovery," Vinh said. It also forecast "incremental weakness" in its data center business across areas like the enterprise and China. [INTC](https://seekingalpha.com/symbol/INTC)) financial health and the guidance. The company also expects gross margins to fall below 40%, coming in at 39%. Ragson said the size of Intel's (

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Intel stock plunges on weak guidance, AMD and TSM stocks gain ... (Yahoo Canada Finance)

Yahoo Finance Live anchors discuss the decline in stock for Intel. Video Transcript. [AUDIO LOGO]. BRIAN SOZZI: Intel posted shocking guidance on the ...

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Here's Why Intel Stock Plunged Today (Motley Fool)

Intel's revenue plummeted 32% year over year to $14 billion in the fourth quarter. A steep decline in the personal computer (PC) market weighed heavily on the ...

Management forecast revenue to fall to between $10.5 billion and $11.5 billion in the first quarter. Intel's concerning outlook provides further evidence that its challenges extend beyond the current weakness in its core markets. The company also expects to report an adjusted loss of $0.15 per share. Intel is slashing expenses to better withstand the downturn. A steep decline in the personal computer (PC) market weighed heavily on the Its adjusted gross margin decreased by more than 12 percentage points to 43.8%.

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