Wall Street incrementally warmed to Intel's story after the company's latest report, and now CEO Pat Gelsinger has offered a vote of confidence.
Wall Street incrementally warmed to Intel Corp.’s story after the company’s latest earnings report, and now Chief Executive Pat Gelsinger has offered a vote of confidence in Intel’s trajectory.
While... Wall Street incrementally warmed to Intel Corp.’s story after the company’s latest earnings report, and now Chief Executive Pat Gelsinger has offered a vote of confidence in Intel’s trajectory. While company executives make predictions about a company’s future in earnings materials, stock purchases signal that executives were willing to put more of their own money behind what they’re saying.
While the company sported what one analyst described as “admittedly horrible” gross margins in its latest quarter, Intel offered some signals to suggest trends could improve in the second half of the year.“Here we are, two years into my tenure and the journey to date has had some unexpected bumps in the road,” Gelsinger said on Intel’s earnings call in late April.
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