Intel falls ~29% Friday on a weak Q4 guide; even adding back the ~$300M Israel fab hit, the midpoint is ~8% short of consensus
Intel (INTC) fell nearly 29% on Friday, its worst day since 1974, after guiding Q4 revenue to $15B to $16B vs ~$17.1B expected.
Add back the ~$300M hit from its Israel fab explosion and the midpoint is still ~$1.3B, or 8%, short. The fab is the excuse. The PC slump is the problem. Not financial advice.
https://finance.yahoo.com/markets/article/intel-stock-plunges-nearly-29-its-worst-day-since-1974-205955309.html
Sources: CNBC: Intel Q4 guide $15B-$16B and 25c EPS vs $17.1B and 43c expected (LSEG); Q3 revenue $16.51B, up 21% · @GuyAdami: Just to add this to the mix!
Not financial advice. For informational and educational purposes only.
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