Sunday , 20 August 2017

Home » RESOURCES » INVESTING » Intel shares slip as gross margins decline

Intel shares slip as gross margins decline

Intel Corp. shares slipped in the extended session Thursday as gross margins declined even as the chip maker topped Wall Street estimates for the quarter. Intel shares slipped 3% to $31.75 on heavy volume. Intel said its gross margin for the fourth quarter declined to 64.3% from 65.4% in the year-ago quarter. The company forecast a gross margin of 58% for the first quarter, and an adjusted one of 62%. Intel reported fourth-quarter earnings of 74 cents a share on revenue of $14.9 billion. Analysts surveyed by FactSet had forecast earnings of 63 cents a share on revenue of $14.81 billion. Intel forecast adjusted first-quarter revenue of $14.1 billion, give or take $500 million. Analysts had estimated $13.91 billion.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Intel shares slip as gross margins decline Reviewed by on . Intel Corp. shares slipped in the extended session Thursday as gross margins declined even as the chip maker topped Wall Street estimates for the quarter. Intel Intel Corp. shares slipped in the extended session Thursday as gross margins declined even as the chip maker topped Wall Street estimates for the quarter. Intel Rating:
scroll to top