Intel Earnings: Don't Let the Stock's Reaction Fool You

By Neil Rozenbaum – Apr 28, 2023 at 10:00AM

NASDAQ: INTC

Intel

Market Cap

$89B

Today's Change

(6.36%) $1.25

Current Price

$20.91

Price as of September 16, 2024, 4:00 p.m. ET

There's been another "better than feared" report.

In this video, I will be going over Intel's (INTC 6.36%) first-quarter earnings results, which were better than expected. But in my opinion, the company still has a lot of work cut out for it and investors shouldn't celebrate too quickly.

*Stock prices used were from the trading day of April 27, 2023. The video was published on April 27, 2023.

Neil Rozenbaum has positions in Intel. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel and long January 2025 $45 calls on Intel. The Motley Fool has a disclosure policy.

Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.