Intel Q1 Adj $0.18 Beats $0.14 Estimate, Sales $12.72B Miss $12.78B Estimate
Portfolio Pulse from Benzinga Newsdesk
Intel (NASDAQ:INTC) reported Q1 earnings of $0.18 per share, surpassing the $0.14 estimate, marking a 550% increase from last year's losses. However, its $12.72B in sales fell short of the $12.78B estimate, despite being an 8.61% increase from the previous year.
April 25, 2024 | 8:01 pm
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POSITIVE IMPACT
Intel's Q1 earnings exceeded expectations at $0.18 per share, a significant increase from last year, but sales slightly missed estimates at $12.72B.
Intel's earnings beat and significant year-over-year growth are positive signals for investors, likely boosting investor confidence and potentially leading to a short-term uptick in stock price. However, the slight miss on sales estimates could temper some of the positive momentum, making the overall short-term impact positive but with caution due to the sales miss.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100