Intel Reports Q3 Loss Due to Impairment Charges, Exceeds Revenue Estimates

ICARO Media Group
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31/10/2024 21h31

43. The company attributed a significant portion of this loss to $3.1 billion in impairment charges, which negatively impacted its non-GAAP earnings per share by $0.63. Despite the loss, Intel managed to report revenue of $13.28 billion, surpassing the Bloomberg consensus estimate of $13.02 billion.

Looking ahead to the fourth quarter, Intel projects an adjusted earnings per share of $0.12, better than the Wall Street estimate of $0.06. The company also anticipates its revenue to fall between $13.3 billion and $14.3 billion, compared to Wall Street's expectations of $13.63 billion.

Analysts from Yahoo Finance, Alexandra Canal and Jared Blikre, provided a detailed breakdown of these latest results and forecasts in a recent video discussion.

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