share_log

Intel Struggles With Market Share, Profitability: Q3 Analyst Insights

Benzinga ·  00:39

AsIntel Corp(NASDAQ:INTC) struggles to regain market share and profitability, ratings and price targets reflect a cautious outlook for the semiconductor giant following third-quarter results.

The company on Thursday reported an EPS loss of 46 cents, significantly wider than the anticipated loss of 2 cents. However, Intel achieved quarterly revenue of $13.28 billion, surpassing the consensus estimate of $13.02 billion.

Analyst Color On Intel

Goldman SachsanalystToshiya Harimaintained a Sell rating on Intel despite the chipmaker's better-than-expected third-quarter results and improved fourth-quarter guidance.

The bank cited persistent competitive challenges in Intel's Data Center...

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment