For today, markets are wrapping up their operations, and Intel Corporation (INTC) is one of the firms releasing their fourth-quarter financial reports. In the last quarter of Intel, they surpassed the forecasts for both their earnings and income.
Today, Intel released its Q4 2024 earnings report after market close. The tech giant surpassed expectations with a reported revenue of $14.3 billion, compared to the anticipated $13.8 billion. Regarding earnings per-share, Intel earned $0.13 per share, contrary to the predicted $0.12.
In simpler terms, Michelle Johnston Holthaus, acting as interim co-CEO and CEO of Intel Products, stated that the fourth quarter was a significant advancement because we surpassed our expectations in revenue, profit margin, and earnings per share. By refocusing on improving and streamlining our product offerings, along with ongoing advancements in our production plan, we are well-positioned to cater better to our customers’ needs. Dave and I are implementing measures to bolster our competitive edge and generate value for our shareholders.
After market close, Intel Corporation’s (INTC) stock price increased, reaching a value of approximately $20.50, up from its closing price of $20.04 for the day. If you’re interested in learning more about this development, consider tuning into Intel’s Q4 2024 earnings conference call.
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2025-01-31 00:57