首页 News 正文

Intel's stock price hits biggest drop in over 40 years

股海静观陶
1194 0 0

Intel's stock price has experienced its largest decline in over 40 years. The stock fell 26% to $21.48 on Friday, evaporating approximately $32 billion in market value. This is the largest single day decline for the stock since at least 1982.
Previously, Intel's latest financial report for the second quarter of fiscal year 2024 showed a revenue of $12.8 billion, a year-on-year decrease of 1%, a quarterly net loss of $1.6 billion, and a net profit of $1.5 billion in the same period last year, which turned into a loss year-on-year. The company will suspend dividends starting from the fourth quarter of 2024, marking the first time in 32 years that dividends have been suspended. The CEO of Intel stated that the financial performance in the second quarter is still disappointing, and the trend in the second half of the year is more challenging than expected. In addition, Intel announced that it will lay off 15% of its employees, totaling approximately 15000 people. This is the largest layoff in Intel's history.
The company expects third quarter revenue of $12.5 billion to $13.5 billion on Thursday, with an average analyst expectation of $14.38 billion. Intel expects a loss of 3 cents per share excluding special items, while analysts estimate earnings of 30 cents per share.
After the performance announcement, several major banks lowered their target prices, among which Da Mo and TD COWEN lowered Intel's target price to $25; Deutsche Bank lowers Intel's target price to $27; Jeffrey lowered Intel's target price to $28. In addition, S&P has placed Intel's rating on a negative credit watch list.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
您需要登录后才可以回帖 登录 | 立即注册

本版积分规则

  •   知名做空机构香橼研究(Citron Research)周四(11月21日)在社交媒体平台X上发布消息称,该公司已决定做空“比特币大户”微策略(Microstrategy)这家公司,并认为该公司已经将自己变身成为一家比特币投资基金 ...
    caffycat
    昨天 11:18
    支持
    反对
    回复
    收藏
  •   每经AI快讯,11月20日,文远知行宣布旗下自动驾驶环卫车S6与无人扫路机S1分别在新加坡滨海湾海岸大道与滨海艺术中心正式投入运营。据介绍,这是新加坡首个商业化运营的自动驾驶环卫项目。 ...
    star8699
    3 天前
    支持
    反对
    回复
    收藏
  •   上证报中国证券网讯(记者王子霖)11月20日,斗鱼发布2024年第三季度未经审计的财务报告。本季度斗鱼依托丰富的游戏内容生态,充分发挥主播资源和新业务潜力,持续为用户提供高质量的直播内容及游戏服务,进一步 ...
    goodfriendboy
    3 天前
    支持
    反对
    回复
    收藏
  •   人民网北京11月22日电 (记者栗翘楚、任妍)2024广州车展,在新能源汽车占据“半壁江山”的同时,正加速向智能网联新能源汽车全面过渡,随着“端到端”成为新宠,智能驾驶解决方案成为本届广州车展各大车企竞 ...
    3233340
    昨天 17:06
    支持
    反对
    回复
    收藏
股海静观陶 新手上路
  • 粉丝

    0

  • 关注

    0

  • 主题

    0