… I did not think the results would be as good as they were. I was wrong… they are still not good, but better than anticipated.
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go by what you can see
high food/gas prices
salaries stagnant and/or layoffs at the white collar level
all numbers appear to be adjusted
i think we lost our checks and balances
the train is off the tracks
i wonder if people put out those numbers just to manipulate people and are not accurate
It's not good news when you need Bain Capital to help cook your accounting books. The Fed will raise rates again in September since companies are cooking the books and making the economy seem strong when we are actually in a stagflation recession.
They’re not good. They are just less bad than expected. There’s a difference
Hard to see what's there to celebrate much besides the results not being total cr-p which is entirely due to CCG having been able to push more junk out than expected (some "education segment" was mentioned on the conference call). Other than that, the datacenter remains stagnant, margins are expected to continue to be under pressure, much of the product strategy going forward is around "client AI" wherever that goes. It's gonna be some long years ahead.
Sometimes it's nice to be wrong 😊
Here’s how Intel did versus Refinitiv consensus expectations for the quarter ended July 1:
Earnings per share: 13 cents, adjusted, versus a loss of 3 cents expected by Refinitiv.
Revenue: $12.9 billion, versus $12.13 billion expected by Refinitiv.
It's not great. The eps is almost statistically 0. That is still better than negative though.
Crow on the menu?