Intel stock sinks as earnings beat eclipsed by revenue, outlook misses

2 years ago 231

Earnings Results

Last Updated: Oct. 21, 2021 astatine 4:29 p.m. ET First Published: Oct. 21, 2021 astatine 4:25 p.m. ET

Data-center gross rises, but not arsenic overmuch arsenic Wall Street wanted

Intel Corp. shares dropped successful the extended league Thursday aft the spot maker’s gross and data-center income fell conscionable abbreviated of Wall Street estimates portion the institution provided a large net bushed but a lower-than-expected net forecast.

Intel INTC shares dropped 7% successful the extended session, pursuing a 1.1% emergence successful the regular league to adjacent astatine $56.00.

Intel...

Read Entire Article