) is yet another tech heavyweight set to release earnings during the upcoming week. The Santa Clara, California-based company will report its latest quarterly earnings on Thursday after the close.$0.6967 a share profit on revenue of $17.96 billion, according to analyst consensus, amid reports that demand for chips in some industries is slowing.
Intel has lagged in introducing newer and faster products and has lost some of its biggest customers, such as Apple, which has decided to manufacture its own chips. Intel shares, which closed at $39.20 on Friday, have weakened about 25% this year.The current market makes it harder than ever to make the right decisions. Think about the challenges:To handle them, you need good data, effective tools to sort through the data, and insights into what it all means.
For that, there’s InvestingPro+, with all the professional data and tools you need to make better investing decisions.
Source: News Formal (newsformal.com)
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