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.
Wednesday Sector Laggards: Oil & Gas Exploration & Production, Rental, Leasing, & Royalty Stocks
Related symbols: HERO, EXXI, ROYT, BPT
Wednesday Sector Leaders: Education & Training Services, Hospital & Medical Practitioners
Related symbols: CECO, ESI, HCA, CYH
Tuesday Sector Laggards: General Contractors & Builders, Trucking Stocks
Related symbols: TPH, TMHC, ARCB, YRCW
Wednesday's ETF Movers: XBI, ILF
Related symbols: OREX, CLDX, BRFS, CPL, ILF, XBI
SHY, ERY: Big ETF Outflows
Related symbols: SHY, ERY
SCPB, UPV: Big ETF Inflows
Related symbols: SCPB, UPV
Daily Dividend Report: GME, INT, HRC, CVS, USB, SPLS, SNV, CHH, CST
Related symbols: GME, INT, HRC, CVS, USB, SPLS, SNV, CHH, CST
Daily Dividend Report: MJN, ROST, GPS, WYN, DLR, ECL, PPL
Related symbols: MJN, ROST, GPS, WYN, DLR, ECL, PPL
Daily Dividend Report: TD, CM, CB, PLD, KSS, ESS, TMO, ACE, CI
Related symbols: TD, CM, CB, PLD, KSS, ESS, TMO, ACE, CI
Weekly Market Wrap: February 27, 2015
Related symbols: BAC, AAPL, JCP, GE, CMCSA
Weekly Market Wrap: February 13, 2015
Related symbols: ZNGA.BAC, GRPN, AAPL, HON, FDX, CSCO, UPS, TWX, UNH
Weekly Market Wrap: February 6, 2015
Related symbols: BAC, TWTR, FTR, SIRI, GE, PEP
Week Ahead Market Report: March 2, 2015
Related symbols: AAPL, BAC, ARUN, ARCP
Week Ahead Market Report: February 23, 2015
Related symbols: AAPL, BAC, HLSS, NBG, SLXP
Week Ahead Market Report: February 9, 2015
Related symbols: BAC, AAPL, TWTR, NBG, DF, TAP, CG, CSCO, AIG, SJM
All videos » |
Stock market definitions »
Intel Kicks Off Chips Earnings with a Beat
| Market News Video | Copyright © 2008 - 2015, 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.