Intel Earnings Overview
On Wednesday, Intel announced their first-quarter results. They showed a 133% annual reduction in earnings per share. And a nearly 36% drop in revenue year-over-year, reaching $11.7 billion. Despite this, the loss per share and sales were slightly better than Wall Street’s expectations. This is leading to a 3% rise in the stock during extended trading.
Intel’s Q1 Results Disappoint Analysts.
Compared to Refinitiv consensus expectations, Intel reported a loss of $0.04 per share, adjusted, versus an expected loss of 15 cents per share, and revenue of $11.7 billion, adjusted, versus…
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