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.
Friday Sector Laggards: Oil & Gas Exploration & Production, Rental, Leasing, & Royalty Stocks
Related symbols: IO, ECR, NDRO, BPT
Friday Sector Leaders: Apparel Stores, Textiles
Related symbols: NWY, TLRD, FOSL, NKE
Thursday Sector Laggards: Waste Management, Precious Metals
Related symbols: NEWA, HCCI, HBM, ASM
Friday's ETF with Unusual Volume: PKW
Related symbols: PKW, GE, SIRI, HTZ, GNC
Friday's ETF Movers: PXMG, XOP
Related symbols: SQ, WYN, SN, AR, XOP, PXMG
DXJ, RNSC: Big ETF Outflows
Related symbols: DXJ, RNSC, ABAX, CNMD
Daily Dividend Report: AOS, EPR, C, TXN, WBA, DFS
Related symbols: AOS, EPR, C, TXN, WBA, DFS
Daily Dividend Report: MS, ED, KMI, CCL, PPG, HPE
Related symbols: MS, ED, KMI, CCL, PPG, HPE
Daily Dividend Report: FAST, O, VNO, OHI, ADP
Related symbols: FAST, O, VNO, OHI, ADP
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Intel Kicks Off Chips Earnings with a Beat
| Market News Video | Copyright © 2008 - 2018, 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.