hist78
Well-known member
"Intel reported first-quarter results on Thursday that beat analysts’ estimates, while issuing disappointing guidance and announcing plans to slash operational and capital expenses in the coming year, the first under CEO Lip-Bu Tan. The stock fell over 5% in extended trading.
Here’s how the company did, versus LSEG consensus estimates:
Intel said its second-quarter guidance reflected elevated uncertainty driven by the macro environment.
For the first quarter, Intel reported a net loss of $800 million, or 19 cents per share, due to higher costs of sales and some writedowns. That compares with net income of $2.7 billion, or 63 cents per share, last year.
It’s the chipmaker’s first earnings report since Tan over as CEO in March, after Pat Gelsinger stepped down in December under pressure from board members and investors. Gelsinger’s tenure was highlighted by the company’s inability to effectively compete in artificial intelligence and its efforts to move into semiconductor manufacturing for other companies, including competitors."
Here’s how the company did, versus LSEG consensus estimates:
- EPS: 13 cents, adjusted vs. 1 cent estimated
- Revenue: $12.67 billion vs. $12.3 billion estimated
Intel said its second-quarter guidance reflected elevated uncertainty driven by the macro environment.
For the first quarter, Intel reported a net loss of $800 million, or 19 cents per share, due to higher costs of sales and some writedowns. That compares with net income of $2.7 billion, or 63 cents per share, last year.
It’s the chipmaker’s first earnings report since Tan over as CEO in March, after Pat Gelsinger stepped down in December under pressure from board members and investors. Gelsinger’s tenure was highlighted by the company’s inability to effectively compete in artificial intelligence and its efforts to move into semiconductor manufacturing for other companies, including competitors."