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2021-10-22
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Intel shares fall nearly 10% as earnings outlook disappoints
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Excluding its divested memory business, Intel's sales were $18.1 billion.</li>\n <li>By that measure, Intel missed analysts' revenue forecasts of $18.24 billion.</li>\n <li>Among its main business areas, Intel's client computing group, which includes chips used in personal computers, reported revenue of $9.7 billion, a 2% decline from a year ago. Data center group sales climbed 10%, to $6.5 billion, but also failed to reach Wall Street's forecasts of $6.7 billion.</li>\n <li>Like nearly every major tech company, Intel has been dealing with supply chain issues and component shortages that have hampered production of PCs and other computing products over the last year. Part of the reason for the shortages has been surging demand for technology for remote and at-home-working due to the Covid-19 pandemic.</li>\n <li>Prior to a conference call to discuss Intel's results, Chief Executive Pat Gelsinger was blunt about the supply chain situation and its timeline for improving.</li>\n <li>“We’re in the worst of it now,\"Gelsinger said in an inteview with CNBC. \"Every quarter next year we'll get incrementally better, but they're not going to have supply-demand balance until 2023.\"</li>\n <li>Still, Gelsinger was upbeat about Intel's performance, and it's ability to grow its business in the years.</li>\n <li>\"We are still in the early stages of our journey, but I see the enormous opportunity ahead,\" Gelsinger, on a conference call, saying the company had a solid quarter as it navigated a rough industry environment.</li>\n <li>\"Demand remains strong,\" Gelsinger said. \"I believe we're starting a new cycle of sustained growth.\"</li>\n <li>For its fourth quarter, Intel estimates it will earn 90 cents as share, excluding one-time items, on revenue fo $18.3 billion, excluding its memory-chip business. That forecast proved to disappoint Wall Street, as analysts had expected Intel to earn $1.01 a share on $18.25 billion for the final three months of this year.</li>\n <li>Intel also said Chief Financial Officer George Davis will retire from the company in May 2022.</li>\n <li>Earlier Thursday,Intel reportedly dropped its efforts to acquire privately held chip designer SiFive.</li>\n</ul>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel shares fall nearly 10% as earnings outlook disappoints</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel shares fall nearly 10% as earnings outlook disappoints\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-22 16:10 GMT+8 <a href=https://seekingalpha.com/news/3756391-intel-shares-fall-6-as-earnings-outlook-disappoints><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Oct 22) Intel shares fall nearly 10% as earnings outlook disappoints.\n\n\nIntel's shares fell nearly 10% in pre-market trading Friday after the semiconductor giant turned in a mixed bag of an earnings ...</p>\n\n<a href=\"https://seekingalpha.com/news/3756391-intel-shares-fall-6-as-earnings-outlook-disappoints\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://seekingalpha.com/news/3756391-intel-shares-fall-6-as-earnings-outlook-disappoints","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1145809326","content_text":"(Oct 22) Intel shares fall nearly 10% as earnings outlook disappoints.\n\n\nIntel's shares fell nearly 10% in pre-market trading Friday after the semiconductor giant turned in a mixed bag of an earnings report and outlook.\nFor its third quarter, Intel (INTC) reported earnings excluding one-time items of $1.71 a share, which blew past analysts' forecasts of $1.11 a share. Total revenue came to $19.2 billion, up from $18.33 billion a year ago. Excluding its divested memory business, Intel's sales were $18.1 billion.\nBy that measure, Intel missed analysts' revenue forecasts of $18.24 billion.\nAmong its main business areas, Intel's client computing group, which includes chips used in personal computers, reported revenue of $9.7 billion, a 2% decline from a year ago. Data center group sales climbed 10%, to $6.5 billion, but also failed to reach Wall Street's forecasts of $6.7 billion.\nLike nearly every major tech company, Intel has been dealing with supply chain issues and component shortages that have hampered production of PCs and other computing products over the last year. Part of the reason for the shortages has been surging demand for technology for remote and at-home-working due to the Covid-19 pandemic.\nPrior to a conference call to discuss Intel's results, Chief Executive Pat Gelsinger was blunt about the supply chain situation and its timeline for improving.\n“We’re in the worst of it now,\"Gelsinger said in an inteview with CNBC. \"Every quarter next year we'll get incrementally better, but they're not going to have supply-demand balance until 2023.\"\nStill, Gelsinger was upbeat about Intel's performance, and it's ability to grow its business in the years.\n\"We are still in the early stages of our journey, but I see the enormous opportunity ahead,\" Gelsinger, on a conference call, saying the company had a solid quarter as it navigated a rough industry environment.\n\"Demand remains strong,\" Gelsinger said. \"I believe we're starting a new cycle of sustained growth.\"\nFor its fourth quarter, Intel estimates it will earn 90 cents as share, excluding one-time items, on revenue fo $18.3 billion, excluding its memory-chip business. That forecast proved to disappoint Wall Street, as analysts had expected Intel to earn $1.01 a share on $18.25 billion for the final three months of this year.\nIntel also said Chief Financial Officer George Davis will retire from the company in May 2022.\nEarlier Thursday,Intel reportedly dropped its efforts to acquire privately held chip designer SiFive.","news_type":1},"isVote":1,"tweetType":1,"viewCount":121,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/851810736"}
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