Intel's Earnings Miss Expectations at $0.44, While Profit Surpasses Projections

According to Intel's (NASDAQ: INTC) report, the earnings per share for the third quarter came in at -$0.46, which is $0.44 worse than analysts' expectations of -$0.02. The reported revenue for this quarter was $13.3 billion, compared to analyst expectations of $13.02 billion.

For the fourth quarter of 2024, Intel's anticipated earnings per share are projected at $0.12, while analyst estimates were $0.08. The expected revenue for Intel in the fourth quarter of 2024 is between $13.30 billion and $14.30 billion, compared to analyst estimates of $13.66 billion.

Intel shares closed the day at $21.52, indicating a gain of 0.19% over the last three months. However, over the past 12 months, the stock has lost 42.29% of its value. In the last 90 days, Intel has recorded 0 positive earnings per share and 32 negative earnings per share.

For insights into how Intel's stock price reacted to previous earnings reports, you can check here. According to InvestingPro, Intel has a financial health score of "Very Good Performance." You can also review the latest earnings reports and all financial information related to Intel here. Stay informed about all developments regarding balance sheets by visiting the Investing.com Earnings Calendar.