Company Of The Day: Intel

October 25th, 2021 by Trefis Team
-2.01%
Downside
31.13
Market
30.50
Trefis
INTC: Intel logo
INTC
Intel

What?

Intel (NASDAQ:INTC) posted a mixed set of Q3 2021 results, with adjusted revenues of $18.1 billion missing estimates, and adjusted EPS of $1.71 beating estimates.

Why?

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Intel saw revenue from its client computing segment which sells PC chips fall in Q3 due to the industrywide supply chain issues. However, this was partially offset by higher average selling prices.

So What?

Intel stock declined by almost 11% in Friday’s trading following the news.

See Our Complete Analysis For Intel

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