Categories AlphaGraphs, Earnings, Technology
Earnings: Highlights of Intel’s (INTC) Q3 2022 financial results
Intel Corporation (NASDAQ: INTC) Thursday reported lower earnings and revenues for the third quarter of 2022. The semiconductor giant also provided guidance for the fourth quarter.
Third-quarter revenues decreased 20% annually to $15.3 billion. The top line was negatively impacted by continued slowdown in the core Client Computing segment.
Adjusted earnings declined to $0.59 per share in the latest quarter from $1.45 per share in the third quarter of 2021. On a reported basis, the company posted a profit of $1.02 billion or $0.25 per share, compared to $6.8 billion or $1.67 per share last year.
Check this space to read management/analysts’ comments on Intel’s Q3 2022 results
“Despite the worsening economic conditions, we delivered solid results and made significant progress with our product and process execution during the quarter. To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future.,” said Intel’s CEO Pat Gelsinger.
Stocks you may like:
International Business Machines Corp. (IBM) Stock
Key takeaways from Cintas’ (CTAS) third-quarter 2023 report
Cintas Corporation (NASDAQ: CTAS) has been growing its market share by diversifying into new areas and through acquisitions. The prudent business model, with a focus on recurring revenues, has helped
Here are a few points to keep in mind if you are considering Starbucks Corporation (SBUX)
Shares of Starbucks Corporation (NASDAQ: SBUX) stayed in green on Thursday. The stock has gained 10% over the past 12 months. The company delivered healthy results for its most recent
ANGO Earnings: AngioDynamics reports loss for Q3; revenue up 9%
AngioDynamics Inc. (NASDAQ: ANGO) on Thursday reported a wider loss for the third quarter when the medical device maker's revenues increased by 9%. The company also provided guidance for fiscal