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Semiconductor ETFs Look Decent Post Q3 Earnings [Yahoo! Finance]
Last intel corporation earnings: 4/23 04:07 pm
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US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Additionally, a spate of stronger earnings reports from well-known players in the space added to the strength. As such, VanEck Vectors Semiconductor ETF SMH, iShares Semiconductor ETF SOXX, Invesco PHLX Semiconductor ETF SOXQ, First Trust NASDAQ Semiconductor ETF FTXL and Strive U.S. Semiconductor ETF SHOC have gained 4.5%, 0.4%, 1.8%, 2.1% and 2.4%, respectively, in the past month. Let's dig into the individual earnings releases: Semiconductor Earnings in Focus Intel INTC, the world's largest chipmaker, reported a loss per share of 46 cents, wider than the Zacks Consensus Estimate of a loss of 20 cents. Revenues declined 6% year over year to $13.28 billion and edged past the estimated $13 billion. For the current quarter, Intel guided revenues of $13.3-$14.3 billion and adjusted earnings of 12 cents per share. Texas Instruments TXN reported solid third-quarter 2024 results. Earnings beat the Zacks Consensus Estimate by 11 cents but revenues lagged the same by $40 million. F
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