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Bloomberg Surveillance

Instant Reaction: Intel and Apple Earnings Results

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 31 October 2024

⏱️ 23 minutes

🧾️ Download transcript

Summary

Intel shares surged after the company gave a fourth-quarter revenue forecast slightly above estimates, sparking optimism that it’s capable of reclaiming some lost market share. Apple reported weaker sales in China than anticipated last quarter, raising fresh concerns about one of its most important regions. For instant reaction and analysis to the latest big tech earnings drop, hosts Tim Stenovec and Emily Graffeo speak with Bloomberg Technology co-host Ed Ludlow. 

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Transcript

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0:49.4

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0:52.2

Shares of intel are just surging as we speak right now

0:56.2

Taking a look at shares in the after hours they were up as much as 15%

0:59.8

This after the company gave a fourth quarter revenue forecast slightly above estimates it sparked optimism that it's capable of reclaiming some lost market share

1:09.4

Shares are just absolutely surging right now. Remember shares down going into this print close to 60%.

1:16.8

We got with us Ed Ludlow joining us from our San Francisco Bureau. I know he's looking closely at these results because he's got a

1:24.4

chat with Pat Gelsinger coming up at 6 p.m. Wall Street time a special edition of

1:29.0

Bloomberg technology on Bloomberg TV Bloomberg Radio, YouTube, and Bloomberg originals.

1:35.0

We'll get to that in just a minute.

1:36.3

First, though, Ed, expectations

1:38.5

were pretty low going into this print.

1:41.1

Yeah, and there's a lot to unpick here. It's not straightforward because in the

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