Intel: Why I’m Avoiding This Stock After Earnings

Summary:

  • Intel just reported its third quarter earnings.
  • The earnings figures missed estimates by a wide margin, while revenue beat expectations.
  • Increased fourth quarter guidance triggered an after-hours rally.
  • I take a much dimmer view of Intel’s earnings than the markets did. The company’s Q3 release showed many signs of a company in decline.
  • In this article I explain why I’m not buying Intel’s post-earnings rally.
Intel Headquarters

Intel Headquarters

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Intel (NASDAQ:INTC) just released its earnings for its fiscal third quarter 2024. The release missed expectations on revenue and earnings per share (EPS), but the stock rallied on raised fourth quarter guidance. Intel’s release was highly anticipated because the stock has a


Analyst’s Disclosure: I/we have a beneficial long position in the shares of TSM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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