By Alexander Bueso
Date: Thursday 21 Oct 2021
LONDON (ShareCast) - (Sharecast News) - Intel's shares plummeted after the chip-making giant posted worse than expected sales for its data-center unit.
And while it raised its full-year revenue guidance, that for the last three months of 2020 was short of analysts' forecasts.
For the three months to September, Intel reported a 28% drop in net income to reach $4.3bn or $1.02 per share.
In the comparable year earlier period the semiconductor manufacturer had clocked in with earnings per share of $1.35.
The company's topline also shrank, from $19.19bn one year earlier to $18.3bn.
Adjusted for restructuring and acquisition-related costs, EPS printed at $1.11.
Consensus had been for EPS of $1.11 on $18.24bn in sales.
For 2020 as a while, Intel was now expecting adjusted EPS of $4.90 and revenues of $75.3bn, up from the $4.85 and $75bn it had previously guided towards.
As of 1326 BST, shares of Intel were down by 9.7% to $48.67.
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Currency | US Dollars |
Share Price | $ 31.06 |
Change Today | $ 0.34 |
% Change | 1.11 % |
52 Week High | $50.76 |
52 Week Low | $29.00 |
Volume | 36,799,147 |
Shares Issued | 4,228.00m |
Market Cap | $131,322m |
RiskGrade | 203 |
Strong Buy | 5 |
Buy | 4 |
Neutral | 31 |
Sell | 4 |
Strong Sell | 0 |
Total | 44 |
Time | Volume / Share Price |
15:59 | 100 @ $31.08 |
15:59 | 210 @ $31.09 |
15:59 | 300 @ $31.09 |
15:59 | 100 @ $31.09 |
15:59 | 1,900 @ $31.08 |
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