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• Intel Corp. rose 7% to $23.01 after the advanced chipmaker reported loss in its latest quarter but lifted its annual outlook. 
  
  Revenue in the third quarter declined 6% to $13.3 billion from $14.2 billion, net income swung to a loss of $16.6 billion from a profit of $0.3 billion, and diluted earnings per share were $3.88 compared to 7 cents a year ago. 
  
  Net income in the quarter was impacted by the $6 billion charges linked to accelerated depreciation and goodwill impairment and $9.9 billion charges related to the establishment of a valuation allowance a More
  
  Nov 1, 2024
• Intel Corp. rose 7% to $23.01 after the advanced chipmaker reported loss in its latest quarter but lifted its annual outlook. 
  
  Revenue in the third quarter declined 6% to $13.3 billion from $14.2 billion, net income swung to a loss of $16.6 billion from a profit of $0.3 billion, and diluted earnings per share were $3.88 compared to 7 cents a year ago. 
  
  Net income in the quarter was impacted by the $6 billion charges linked to accelerated depreciation and goodwill impairment and $9.9 billion charges related to the establishment of a valuation allowance against U.S. deferred tax assets. 
  
  The company estimated fourth-quarter earnings to range between $13.3 billion and $14.3 billion and GAAP earnings per share of a loss of 24 cents.  Less
  
  Nov 1, 2024


• Intel plunged 29% to $20.74 after the advanced chipmaker reported weaker-than-expected second quarter results, announced job cuts of 15,000, and issued a weak outlook. 
  
  Revenue in the second quarter declined 1% to $12.8 billion from $12.9 billion, net income swung to a loss of $1.6 billion from a profit of $1.5 billion, and diluted earnings per share were a loss of 38 cents compared to a profit of 35 cents a year ago. 
  
  The advanced chipmaker announced its deepest restructuring plan in forty years and planned to eliminate 15,000 jobs in an effort to redu More
  
  Aug 2, 2024
• Intel plunged 29% to $20.74 after the advanced chipmaker reported weaker-than-expected second quarter results, announced job cuts of 15,000, and issued a weak outlook. 
  
  Revenue in the second quarter declined 1% to $12.8 billion from $12.9 billion, net income swung to a loss of $1.6 billion from a profit of $1.5 billion, and diluted earnings per share were a loss of 38 cents compared to a profit of 35 cents a year ago. 
  
  The advanced chipmaker announced its deepest restructuring plan in forty years and planned to eliminate 15,000 jobs in an effort to reduce costs by $10 billion. 
  
  The company announced a quarterly dividend of 12.5 cents per share payable on September 1 to shareholders on record on August 7. 
  
  In addition, the company announced the suspension of its dividend starting in the fourth quarter.  Less
  
  Aug 2, 2024

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