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Apr 26, 2024 4:29 PM - Davit Kirakosyan
Intel Corporation (NASDAQ:INTC) shares dropped more than 10% intra-day today after the company reported mixed results for the first quarter and issued weaker-than-expected guidance for the upcoming quarter, fueling concerns that it may lag behind its competitors in the burgeoning AI chip market.
The company's guidance for the second quarter anticipates adjusted earnings of $0.10 per share and revenue ranging from $12.5 billion to $13.5 billion. This projection falls short of analyst expectations, which anticipated adjusted earnings per share of $0.26 and revenue of $13.66 billion.
Adding to the challenges, Intel noted that losses in its chipmaking division, Intel Foundry, expanded to $7 billion this year, up from $5.2 billion in 2023. This has raised further concerns about Intel's competitive position in the AI sector.
For the quarter ending March 30, Intel posted adjusted earnings of $0.18 per share on revenue of $12.72 billion. This was a mixed result as it surpassed earnings estimates of $0.15 per share but fell short of the expected revenue of $12.88 billion.
Despite the current hurdles, Intel remains optimistic about its performance for the fiscal year 2024, forecasting year-over-year revenue and non-GAAP EPS growth, along with a gross margin improvement of approximately 200 basis points.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...