Intel Sales Miss Estimates as Shortages Dent Volumes. The Stock Is Falling.

3 years ago 364

This transcript is for your personal, non-commercial usage only. To bid presentation-ready copies for organisation to your colleagues, clients oregon customers sojourn http://www.djreprints.com.

https://www.barrons.com/articles/intel-stock-earnings-sales-shortages-51634851846

Updated Oct. 21, 2021 5:51 p.m. ET / Original Oct. 21, 2021 5:31 p.m. ET

Order Reprints
Print Article

Intel banal fell successful extended trading Thursday aft the institution missed income expectations and said its main fiscal serviceman plans to discontinue successful May. The institution besides chalked a diminution successful its PC concern to broader constituent shortages.

For the 3rd quarter, Intel reported adjusted net of $1.71 a stock and adjusted gross of $18.1 billion. The net fig bushed expert estimates of $1.11 a share, but analysts were looking for gross of $18.2 billion, according to FactSet.

Intel...

Read Entire Article