Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Intel Stock Plummets on Weak Q4 Outlook
Intel beat third-quarter profit expectations on a surge in data-centre sales, but a fourth-quarter outlook far below analyst forecasts, and a warning on PCs, sent the shares down about a fifth after hours.
Intel (NASDAQ: INTC) shares fell roughly a fifth in after-hours trading today after the chipmaker guided fourth-quarter revenue and profit far below analyst forecasts. Yahoo Finance showed $73.14, down 20.56%, at 4:10pm EDT (8:10pm UK time), after a regular-session close of $92.07, down 3.62%.
INTC.US
The quarter to the 26th of September was solid. Revenue of $16.5bn, up 21% on a year earlier, matched the $16.51bn Yahoo Finance consensus, while non-GAAP earnings per share of $0.52 beat the $0.40 expected. On a GAAP basis, EPS was $0.60, down 33% from $0.90; non-GAAP EPS rose 126% from $0.23.
The growth came from the data centre and foundry units. Data centre revenue rose 78% to $7.3bn and foundry, which manufactures chips, rose 58% to $6.7bn, while client computing, the PC chip business, fell 5% to $8.1bn.
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Intel’s data centre and foundry units drove third-quarter growth while client computing shrank. Source: Intel
The problem is the guide. Intel expects fourth-quarter revenue of $15.0bn to $16.0bn, and the table sets that against Yahoo Finance’s pre-report consensus.
Measure
Intel
Consensus
Q3 revenue
$16.513bn
$16.51bn
Q3 non-GAAP EPS
$0.52
$0.40
Q4 revenue guide (midpoint)
$15.5bn
$17.08bn
Q4 non-GAAP EPS guide
$0.25
$0.44
The $15.5bn midpoint is about 9% below consensus, and the $0.25 EPS guide about 43% below. Even the $15.0bn low end sits under Yahoo’s lowest estimate of $15.61bn. Intel also guided non-GAAP gross margin to about 38.0%, from 44.1% in the third quarter.
“[W]e see the PC slowdown continuing at least through the first half of next year.”
David Zinsner, Intel chief financial officer
Chief executive Lip-Bu Tan said demand for Intel’s CPUs “remains robust” despite PC headwinds, and that the “immediate priority is to unlock additional supply to meet extraordinary demand for our Xeon family”, its data-centre chips.
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The balance sheet is stronger. Operating cash flow was $5.1bn, adjusted free cash flow $1.64bn, and Intel completed a $23bn equity offering, leaving about $54bn in cash and short-term investments.
Intel holds a webcast at 2pm PT (9pm UK time) today.
The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.
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