Intel Kicks Off Chips Earnings with a Beat Wednesday, October 19, 2:01 PM ET
INTC) kicked off the earnings season for chip stocks late yesterday.
Intel had lowered its third quarter guidance several weeks ago ñ along with several other semiconductor companies - but still beat analyst expectations.
Profits rose to $3.47 billion, or $0.65 per share, from $2.86 billion, or $0.52 per share, in last year's third quarter.
Revenue rose nearly 30%, to $14.2 billion.
Intel's revenue forecast for the fourth quarter is ahead of expectations as well, in a range of $14.2 billion to $15.2 billion.
Shares are trading up over 3.2% Wednesday.
The Semiconductor HOLDRS (AMEX:
SMH) ETF, in which Intel is 23% of the portfolio, is trading down about .3% Wednesday.
Other top holdings in the fund include Texas Instruments (NASDAQ:
TXN), Applied Materials (NASDAQ: AMAT), Analog Devices (NASDAQ: ADI) and Altera (NASDAQ: ALTR).
The Proshares Ultra Semiconductors (AMEX:
USD) fund is trading up over .6%, while the iShares PHLX Sox Semiconductor Index Fund (NASDAQ: SOXX) trades down over .5%.
For MarketNewsVideo.com, I'm Kristin Bianco.
Analyst Moves: CRM, CRUS, MRVL
Related symbols: CRM, CRUS, MRVL
Analyst Moves: PHM, PG, GPS
Related symbols: PHM, PG, GPS, UBS
Analyst Moves: P, WSM, WFT
Related symbols: P, WSM, WFT, CS, UBS
Friday Sector Leaders: Education & Training Services, Metals & Mining Stocks
Related symbols: COCO, CECO, LSG, UEC
Friday Sector Laggards: Auto Parts, Music & Electronics Stores
Related symbols: XIDE, GME, CONN
Thursday Sector Leaders: Apparel Stores, General Contractors & Builders
Related symbols: RUE, PSUN, CVCO, CHCI
Friday's ETF with Unusual Volume: KIE
Related symbols: KIE, AIG, GNW, FNF, AGO
Friday's ETF Movers: ICLN, LIT
Related symbols: YGE, SZYM, XIDE, ULBI, LIT, ICLN
SLV, CHIM: Big ETF Outflows
Related symbols: SLV, CHIM
Daily Dividend Report: ANF, FLS, IPG, A, VNR
Related symbols: ANF, FLS, IPG, A, VNR
Daily Dividend Report: TUP, HD, PCP, CBS, CME
Related symbols: TUP, HD, PCP, CBS, CME
Daily Dividend Report: TMO, AAP, HAS, AINV, HPQ
Related symbols: TMO, AAP, HAS, AINV, HPQ
Weekly Market Wrap: May 24, 2013
Related symbols: LOW, BBY, TGT, HD
Weekly Market Wrap: May 17, 2013
Related symbols: WMT, DE, M
Weekly Market Wrap: May 10, 2013
Related symbols: WFM, TSLA, DIS, EA
Week Ahead Market Report: May 13, 2013
Related symbols: A, CSCO, AMAT, ADSK
Week Ahead Market Report: May 6, 2013
Related symbols: BRK.B, ARCC, DTV, NWSA, PCLN, PSA, SLW
Week Ahead Market Report: April 29, 2013
Related symbols: OSK, TRLA, MRK, ANR, SE
All videos » |
Stock market definitions »
Intel Kicks Off Chips Earnings with a Beat
| Market News Video | Copyright © 2008 - 2013, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.