Intel Sales Miss Estimates as Shortages Dent Volumes. The Stock Is Falling.
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https://www.barrons.com/articles/intel-stock-earnings-sales-shortages-51634851846
Updated Oct. 21, 2021 5:51 p.m. ET / Original Oct. 21, 2021 5:31 p.m. ET
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Intel banal fell successful extended trading Thursday aft the institution missed income expectations and said its main fiscal serviceman plans to discontinue successful May. The institution besides chalked a diminution successful its PC concern to broader constituent shortages.
For the 3rd quarter, Intel reported adjusted net of $1.71 a stock and adjusted gross of $18.1 billion. The net fig bushed expert estimates of $1.11 a share, but analysts were looking for gross of $18.2 billion, according to FactSet.
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