Intel Beats Q2 Estimates as Analysts Back Stock Despite Foundry Concerns
Updated
Updated · Seeking Alpha · Jul 24
Intel Beats Q2 Estimates as Analysts Back Stock Despite Foundry Concerns
3 articles · Updated · Seeking Alpha · Jul 24
Summary
Intel’s second-quarter results and guidance topped estimates, prompting broadly positive analyst reactions after a quarter where expectations had been set low.
Seeking Alpha analysts said that low bars made the report look stronger, while arguing Intel Foundry still is not operating as a well-working business.
Wall Street analysts were largely constructive despite those concerns, with valuation questions and foundry execution remaining the main constraints on the bullish case.