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On Tuesday, October, 18th, Intel (INTC) will release its third quarter earnings results after the bell. The company is a Zacks Rank 1 (Strong Buy), and have a Value, Growth, and Momentum score of C. Intel was upgraded to a strong buy within the last 30 days as well
Dave will look at Intel’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Intel ahead of earnings.
Intel in Focus
Intel (INTC) is one of the world’s largest semiconductor chip maker. The Company develops advanced integrated digital technology products, primarily integrated circuits, for industries such as computing and communications. It also develops platforms, which it defines as integrated suites of digital computing technologies that are designed and configured to work together to provide an optimized user computing solution compared to components that are used separately. Intel designs and manufactures computing and communications components, such as microprocessors, chipsets, motherboards, and wireless and wired connectivity products, as well as platforms that incorporate these components. The Company sells its products primarily to original equipment manufacturers, original design manufacturers, PC and network communications products users, and other manufacturers of industrial and communications equipment. Intel Corporation is based in Santa Clara, California.
Intel is expected to report earnings at $0.73 per share according to the Zacks Consensus Estimate. Last quarter they reported an earnings beat at $0.59 per share beating the Zack’s Consensus Estimate of $0.53 per share, and they have an average surprise of 11.86% over the last four quarters.
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