Intel Stock Outperforms Market Despite Expected Earnings Decline

Intel (INTC) stock closed 1.53% higher outpacing the S&P 500's 0.67% gain and the Dow's 0.25% gain.
Intel is expected to report a 66% decline in Q4 EPS to $0.20 on a 12.5% revenue drop to $13.42B.
For the full year, analysts expect Intel's EPS to fall 66.85% to $0.61 on a 16.59% revenue decline to $52.59B.
Intel shares have gained 8.94% in the past month, beating the S&P 500's 0.73% loss.
Intel currently has a Zacks Rank #3 (Hold) and a forward P/E of 62.63 versus the industry average of 18.32.

yahoo.com

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8/1/2023

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Posted 9/11/2023, 9:45:18 PM