Intel Q2 EPS $0.13 Beats $(0.03) Estimate, Sales $12.95B Beat $12.14B Estimate
Portfolio Pulse from Bill Haddad
Intel reported Q2 earnings of $0.13 per share, beating the analyst consensus estimate of $(0.03) by 533.33%. This is a 55.17% decrease from the same period last year. The company also reported quarterly sales of $12.90 billion, beating the analyst consensus estimate of $10.97 billion by 17.59%. This is a 15.80% decrease from the same period last year.
July 27, 2023 | 8:02 pm
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NEUTRAL IMPACT
Intel's Q2 earnings and sales beat analyst estimates, but both are down compared to the same period last year.
While Intel beat analyst estimates for Q2 earnings and sales, the year-over-year decreases in both metrics may temper investor enthusiasm. The impact on the stock price could be neutral in the short term as the positive news of beating estimates is balanced by the negative news of year-over-year decreases.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100