Barclays Reiterates Equalweight Rating on Intel (INTC)
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October 31, 2024 4:01 PM EDT
NEWS SUMMARY
Third-quarter revenue of $13.3 billion.
Third-quarter GAAP earnings (loss) per share (EPS) attributable to Intel was $(3.88); non-GAAP EPS attributable to Intel was $(0.46).
$(3.89) impact to GAAP EPS attributable to Intel from $15.9 billion of impairment charges and $2.8 billion of restructuring charges; $(0.63) impact to non-GAAP EPS attributable to Intel from $3.1 billion of impairment charges.
Making significant progress on plan to deliver $10 billion in cost reductions in 2025.
Forecasting fourth-quarter 2024 revenue of $13.3 billion to $14.3 billion; expecting fourth-quarter GAAP EPS attributable to Intel of $(0.24); non-GAAP EPS attributable to Intel of $0.12.
SANTA CLARA, Calif.--(BUSINESS... More
October 31, 2024 6:30 AM EDT
Revenue decreased 8% year over year to $486 million in the third quarter. Revenue increased 11% versus the second quarter of 2024. Full year 2024 revenue guidance, at the midpoint, is unchanged compared to prior guidance.
Diluted EPS (GAAP) was $(3.35) and Adjusted Diluted EPS (Non-GAAP) was $0.10 in the third quarter of 2024. GAAP EPS was impacted by a non-cash impairment loss related to the Goodwill asset on our balance sheet.
Generated net cash from operating activities of $196 million in the nine months ended September 28, 2024, including $126 million in the third quarter of 2024.
JERUSALEM--(BUSINESS WIRE)--
Mobileye Global Inc. (Nasdaq:... More
