Intel Earnings, Revenue Miss in Q2
2022.07.29 01:21
Intel Earnings, Revenue Miss in Q2
Investing.com – Intel (NASDAQ:INTC) reported on Thursday second quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations.
Intel announced earnings per share of $0.29 on revenue of $15.32B. Analysts polled by Investing.com anticipated EPS of $0.6967 on revenue of $17.96B.
Intel shares are down 21% from the beginning of the year, still down 29.44% from its 52 week high of $56.28 set on January 12. They are under-performing the S&P 500 which is down 14.56% from the start of the year.
Intel shares lost 9.77% in after-hours trade following the report.
Intel follows other major Information Technology sector earnings this month
Intel’s report follows an earnings beat by Apple on Thursday, who reported EPS of $1.2 on revenue of $82.96B, compared to forecasts EPS of $1.16 on revenue of $82.59B.
Microsoft had missed expectations on Tuesday with fourth quarter EPS of $2.23 on revenue of $51.87B, compared to forecast for EPS of $2.29 on revenue of $52.43B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
