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Intel shares sank as much as 10% in extended trading on Thursday after the chipmaker reported second-quarter results and quarterly and full-year guidance that fell short of analysts’ expectations.
Here’s how the company did:
- Earnings: 29 cents per share, adjusted, vs. 70 cents per share as expected by analysts, according to Refinitiv.
- Revenue: $15.32 billion, vs. $17.92 billion as expected by analysts, according to Refinitiv.
Intel’s revenue declined some 22% year over year in the quarter that ended July 2, according to a statement. Revenue missed consensus by 14%, the company’s largest top-line disappointment since 1999, according to Refinitiv data. It ended the quarter with a $454 million…
Source cnbc.com
