Intel Corp

NASDAQ:INTCUnited States

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• DJ Stocks to Watch: Intel, Amazon.com, Abbott Laboratories, MasTec, from 20 minutes ago by Dow Jones

  20 minutes ago by Dow Jones
  Companies Mentioned: INTC, MTZ, ABT, AMZN
  
  By Connor Hart
  
  Intel reported third-quarter revenue and forecast fourth-quarter sales that beat analysts expectations. The chip maker said revenue fell 6% to $13.28 billion but came in ahead of the $13.02 billion that analysts expected. At the same time, the company posted a $16.6 billion net loss, dragged down by writedowns and charges related to its $10 billion cost savings push. It forecast fourth-quarter revenue between $13.3 billion and $14.3 billion, the midpoint of which is above the $13.66 billion that analysts were looking for. Shares rise 7.3%, to $23.10, in after-hours trading.
  

• DJ Intel Posts More Than $16 Billion Loss but Says Sales Outlook Is Improving -- 2nd Update, from 1 hour ago by Dow Jones

  1 hour ago by Dow Jones
  Companies Mentioned: INTC
  
  By Asa Fitch
  
  Intel reported write-downs and other charges that led to a stunning $16.6 billion net loss in the latest quarter, as the chip maker works through a costly turnaround effort that Chief Executive Pat Gelsinger says is bearing fruit.
  

• DJ Intel Making Progress on $10B Cost Savings Push -- Market Talk, from 2 hours ago by Dow Jones

  2 hours ago by Dow Jones
  Companies Mentioned: INTC
  
  1757 ET - Intel says its $10 billion cost savings push is proceeding as planned and already starting to bear fruit. CEO Patrick Gelsinger says on a call with analysts that the chip maker completed the majority of its headcount reductions in 3Q, putting the company on track to cut 15% of its total staff, or about 15,000 workers, by the end of the year. The company additionally reduced its capital expenditures by 20% relative to its plan entering the year. "Our teams are maniacally focused on improving fab productivity, allowing us to produce more with less over time," Gelsinger says, adding the company will continue to streamline and simplify part of its portfolio to improve efficiencies. Shares rise 9.4% in late trading after posting 3Q revenue and forecasting 4Q sales that beat estimates. (connor.hart@wsj.com)
  

• DJ Intel Posts More Than $16 Billion Loss but Says Sales Outlook Is Improving -- Update, from 2 hours ago by Dow Jones

  2 hours ago by Dow Jones
  Companies Mentioned: INTC
  
  By Asa Fitch
  
  Intel reported write-downs and other charges that led to a stunning $16.6 billion net loss in the latest quarter, as the chip maker works through a costly turnaround effort that Chief Executive Pat Gelsinger says is bearing fruit.
  

• DJ Intel Shares Rally on 3Q Revenue, Upbeat Outlook, from 2 hours ago by Dow Jones

  2 hours ago by Dow Jones
  Companies Mentioned: INTC
  
  By Connor Hart
  
  Intel's stock climbed after the company reported third-quarter revenue and forecast fourth-quarter sales that beat analysts expectations.
  
  Shares gained 8.5% to $23.35 in after-hours trading Thursday. The stock ended the regular session down 3.5% at $21.52, leaving the shares down 57% this year.