As a seasoned tech investor with a knack for spotting promising opportunities, I must say that Intel‘s Q3 2024 earnings report has left me quite impressed! The company’s forecast for Q4 revenue, ranging from $13.3 billion to $14.3 billion, not only surpasses but swallows the analyst expectation of $13.7 billion like a Silicon Valley giant devouring a startup!
Intel’s (INTC) Q3 2024 earnings report contained details not just from the past quarter, but also predictions for the coming Q4. In making its Q4 forecast, Intel anticipated that their revenue would surpass the estimates given by financial analysts.
In the Forward-Looking Statements section of Intel’s Q3 2024 financial report, the company predicts that its revenue will likely fall within a range of $13.3 billion to $14.3 billion. This projection generally exceeds the analyst’s prediction of $13.7 billion.
Intel also provided a non-GAAP EPS forecast of $0.12, which is also north of the $0.08 expectation.
According to the comprehensive report released by Intel, they surpassed the projected revenue figures, yet fell short significantly with regards to their Earnings Per Share (EPS).
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2024-11-01 00:57