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Top related persons:
David Zinsner - 8 Pat Gelsinger - 4 Zinsner - 2 Fred Imbert - 2 Gelsinger - 1 TSMC - 1 Kinngai Chan - 1 Chan - 1
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Bengaluru Davos Switzerland New York Austrian Norwegian Friday's Royal Caribbean
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Intel - 8 Nvidia - 3 Intel Corp - 3 AMD - 2 Taiwan Semiconductor Manufacturing Company - 2 Data Center - 2 Revenue - 2 Refinitiv - 2

Search resuls for: "David Zinsner"


10 mentions found


☆ Intel stock sinks as early 2024 outlook comes up short
  + stars: | 2024-01-25 | by ( Kif Leswing | ) www.cnbc.com   time to read: +3 min
Pat Gelsinger, CEO Intel, speaking on CNBC's Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Intel posted net income of $2.7 billion, or 63 cents per share, compared to a net loss of $0.7 billion, or 16 cents per share, last year. Intel CFO David Zinsner said in a statement that Intel had cut $3 billion in costs last year. Intel's Network and Edge department, which sells parts for carriers and networking, reported $1.5 billion in sales, down 24% from last year. Intel foundry services, its business making chips for other companies, remains nascent, with $291 million in revenue, a 63% annual increase.
Persons: Pat Gelsinger, Gelsinger, David Zinsner Organizations: Intel, Wall, Gartner, Nvidia, AMD, Taiwan Semiconductor Manufacturing Company, Intel's, Computing, Data Center, Edge Locations: Davos, Switzerland
☆ Intel stock rises on earnings beat and strong revenue guidance
  + stars: | 2023-10-26 | by ( Kif Leswing | ) www.cnbc.com   time to read: +1 min
Intel shares rose about 7% in after-hours trading after the company reported third-quarter earnings on Thursday that beat expectations for profit and sales, even as its revenue declined from the year-earlier period. Intel posted net income of $297 million, or 7 cents per share, versus net income of $1.02 billion, or 25 cents per share in the same quarter last year. Revenue fell 8% from $15.33 billion a year ago, the seventh consecutive quarter of declining sales. Intel CEO Pat Gelsinger told analysts on a call the company would cut costs by about $3 billion this year. Chief Financial Officer David Zinsner said that Intel's earnings per share benefited from the company controlling expenses, with operating expenses declining 15% from a year ago.
Persons: Pat Gelsinger, David Zinsner Organizations: Intel, Revenue
☆ Intel jumps 6% as it returns to profitability after two quarters of losses
  + stars: | 2023-07-27 | by ( Kif Leswing | ) www.cnbc.com   time to read: +3 min
Intel reported second-quarter earnings on Thursday, including a return to profitability after two straight quarters of losses, and a stronger-than-expected forecast. Here's how Intel did versus Refinitiv consensus expectations for the quarter ending July 1:Earnings per share : $0.13, adjusted. That may not compare with the 3 cents loss per share expected by Refinitiv. That may not compare with the 3 cents loss per share expected by Refinitiv. In the first quarter, Intel posted its largest loss ever as the PC and server markets slumped and demand declined for Intel's central processors.
Persons: Pat Gelsinger, David Zinsner, TSMC Organizations: Intel Corporation, Senate Commerce, Science, Innovation, Russell, Intel, Refinitiv, Refinitiv ., Revenue, Data Center
☆ Chipmaker Intel restructures manufacturing business
  + stars: | 2023-06-21 | by ( ) www.reuters.com   time to read: +1 min
June 21 (Reuters) - Intel Corp (INTC.O) said on Wednesday its manufacturing business will work like a separate unit and will begin to generate a margin, but gave no clear timeline on when it will start scaling up, sending the chipmaker's shares down about 5%. The company also did not name a new external customer for the business as part of its foundry services, a key element of Intel's turnaround plans wherein it will offer its manufacturing services to other companies including its competitors. Intel's internal business units will now have a customer-supplier relationship with the manufacturing business, Chief Financial Officer David Zinsner said on an investor call. Based on that model, Intel will be the second largest foundry next year with manufacturing revenue of more than $20 billion, he said. "The presentation essentially tells investors that its current manufacturing is sub-scale and could remain sub-scale for a while," Chan added.
Persons: David Zinsner, Kinngai Chan, Chan, Chavi Mehta, Maju Samuel Organizations: Intel Corp, Intel, Taiwan Semiconductor Manufacturing, Thomson Locations: Bengaluru
☆ Intel stock drops 6% as company updates chip manufacturing plans
  + stars: | 2023-06-21 | by ( Kif Leswing | ) www.cnbc.com   time to read: +3 min
Intel CEO Pat Gelsinger speaks during the Mobileye Global Inc. IPO at the Nasdaq MarketSite in New York on Oct. 26, 2022. Intel stock dropped 6% on Wednesday after the company gave investors an update on the company's turnaround plan to become a chip manufacturing company competing with Taiwan Semiconductor Manufacturing Company. Intel plans to use its own chips to work out problems in its manufacturing before opening up the factories to third-party companies. "The manufacturing group will now face the same market dynamics as their foundry counterparts," Zinsner told analysts. Wednesday's update was focused on how Intel would use its manufacturing capabilities for its own chips.
Persons: Pat Gelsinger, David Zinsner, Zinsner Organizations: Inc, Nasdaq, Mobileye, Intel Corp, Intel, Taiwan Semiconductor Manufacturing Company, Apple, Nvidia, Qualcomm, Samsung, IMS, Bain Capital, AMD Locations: New York, Austrian
☆ These two cruise stocks and this chipmaker led the market higher this week
  + stars: | 2023-06-16 | by ( Alex Harring | ) www.cnbc.com   time to read: +3 min
Wall Street is rolling into the long weekend with some positive momentum thanks to a group of stocks that caught fire this week. Stocks are poised to finish the busy week , which is filled with consumer price index and producer price index readings as well as the closely watched Federal Reserve policy announcement, higher. Cruise stocks Carnival and Norwegian were, respectively, on pace to be the best and third-best performing stocks. Both rallied this week following upgrades to Carnival shares from JPMorgan Chase and Bank of America. CCL RCL,NCLH YTD mountain The three public cruise lines Chipmaker Intel was also among the best performers this week with a gain of more than 15%.
Persons: Stocks, Andrew Didora, David Zinsner, —, Fred Imbert Organizations: Nasdaq, U.S, CNBC Pro, JPMorgan Chase, Bank of America, Royal, CCL, Intel, Bloomberg, Adobe Locations: Norwegian, Friday's, Royal Caribbean
☆ Intel shares jump as chipmaker sees second-quarter revenue at upper end of outlook
  + stars: | 2023-05-31 | by ( ) www.reuters.com   time to read: +1 min
May 31 (Reuters) - Shares of Intel Corp (INTC.O) rose about 5% after the chipmaker's finance chief said on Wednesday that the company is on track to hit the upper end of its second-quarter revenue forecast. Semiconductor stocks have rallied over the past week after gaming and AI chip company Nvidia Corp (NVDA.O) forecast quarterly revenue that stunned Wall Street, with the firm betting on the rapid adoption of AI tools. "We're going to track at $12 billion to $12.5 billion as we close out the second quarter," Intel CFO David Zinsner said at the TD Cowen conference. The company's previous outlook in April was of revenue between $11.5 billion and $12.5 billion. Intel will be able to ride the AI wave as its foundry services could provide wafers to customers that have products for the AI market, Zinsner said.
Persons: David Zinsner, Cowen, Zinsner, Akash Sriram, Shounak Dasgupta Organizations: Intel Corp, Semiconductor, Nvidia Corp, Intel, Thomson Locations: Bengaluru
☆ Stocks making the biggest moves midday: Intel, C3.ai, Advance Auto Parts, HP and more
  + stars: | 2023-05-31 | by ( Michelle Fox | ) www.cnbc.com   time to read: +4 min
Ambarella — The chip stock fell 11.76%. Hewlett Packard Enterprise – Shares of the tech company slid 7.09% a day after the company posted a mixed quarterly report. HP – The stock fell 6.05%. Its adjusted earnings per share of 80 cents topped the 76 cents per share expected. Twilio – The tech stock rallied 11.09%.
Persons: David Zinsner, Ambarella, KeyBanc, Carvana, Twilio, KeyCorp, CNBC's Hakyung Kim, Jesse Pound, Brian Evans, Tanaya Macheel, Fred Imbert Organizations: Intel, Avis Budget, Deutsche Bank, Nvidia —, Nvidia, Hewlett Packard Enterprise, HP, Refinitiv, Micron Technology, Goldman Sachs Global Semiconductor Conference, Micron, Partners, Zions Bancorp, Citizens Financial Group, Truist Locations: China, –
☆ Intel reports largest quarterly loss in company history
  + stars: | 2023-04-27 | by ( Kif Leswing | ) www.cnbc.com   time to read: +4 min
It's also Intel's largest quarterly loss of all time, beating out the fourth quarter of 2017, when it lost $687 million. In the first quarter, Intel swung to a net loss of $2.8 billion, or 66 cents per share, from a net profit of $8.1 billion, or $1.98 per share, last year . For the second quarter, Intel expects to lose 4 cents per share on revenue of $12 billion. Still, the loss per share and sales were slightly better than soft Wall Street expectations. In the meantime, a business that used to print money is struggling, especially in PC chips, which used to be the company's strongest product line.
☆ Here's what Intel's terrible results mean for longtime rival and Club holding AMD
  + stars: | 2023-01-27 | by ( Kevin Stankiewicz | ) www.cnbc.com   time to read: +6 min
When Advanced Micro Devices (AMD) reports quarterly earnings next week, the Club holding's results should not look nearly as bad as longtime rival Intel 's (INTC) dismal numbers. But the magnitude of the Intel's disappointment stems from many company-specific factors, including lost market share to chip peers such as AMD. This multi-quarter, industrywide problem will likely show up in the fourth-quarter results AMD is scheduled to release after Tuesday's close. Implications for AMD Morgan Stanley said it believes Intel's results are "cautious" for peers, especially AMD. Bank of America sees Intel's results as "only incrementally negative" for AMD, partially because the analysts believe AMD's inventory correction in the second half of the year was larger than Intel's.
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