• News

Intel (INTC) forecasts better than expected Q4 2024 profit

Intel appears optimistic heading into the final quarter of its fiscal year.

Donovan Erskine

October 31, 2024 2:40 PM

1

Intel’s (INTC) Q3 2024 earnings report featured not only information about the previous quarter, but the upcoming one. In providing a forecast for Q4, Intel predicted revenue to be higher than analysts expected.

Under the Forward-Looking Statements section of Intel’s Q3 2024 earnings report, the company announces that it expects revenue to land between $13.3 billion to $14.3 billion. This range mostly surpasses the analyst expectation of $13.7 billion.

Intel also provided a non-GAAP EPS forecast of $0.12, which is also north of the $0.08 expectation.

This comes from Intel’s full report, which showed a beat on revenue expectations but a substantial miss in terms of EPS.

Donovan Erskine

News Editor

Donovan is a journalist from Maryland. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge film fanatic and will talk with you about movies and games all day. You can follow him on twitter @Donimals_