Intel Earnings Beat Estimates. Why the Stock Is Falling.

barrons logo

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit

  • Order Reprints

  • Print Article

Intel stock fell in extended trading Thursday after the company missed sales expectations and said its chief financial officer plans to retire in May. The company also chalked a decline in its PC business to broader component shortages.

For the third quarter, Intel reported adjusted earnings of $1.71 a share and adjusted revenue of $18.1 billion. The earnings figure beat analyst estimates of $1.11 a share, but analysts were looking for revenue of $18.2 billion, according to FactSet.


Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button