Intel Likely To Report Q3 Loss; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Intel Corporation (NASDAQ:INTC) will release earnings results for its third quarter, after the closing bell on Thursday, Oct. 31.

Analysts expect the Santa Clara, California-based bank to report a quarterly loss at 2 cents per share, versus a year-ago profit of 37 cents per share. Intel projects to report revenue of $13.02 billion for the recent quarter, according to data from Benzinga Pro.

Intel recently announced plans to expand its chip packaging and testing facility in Chengdu, affirming its commitment to the mainland market despite a recent cybersecurity review recommended by a Beijing-backed group.

Intel shares fell 2.6% to close at $22.30 on Wednesday.

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