Intel Q2 Adj $0.02 Misses $0.10 Estimate, Sales $12.83B Miss $12.94B Estimate
Portfolio Pulse from Benzinga Newsdesk
Intel (NASDAQ: INTC) reported Q2 earnings of $0.02 per share, missing the analyst estimate of $0.10 by 80%. Sales were $12.83 billion, slightly below the $12.94 billion estimate. Both earnings and sales showed a decline compared to the same period last year.
August 01, 2024 | 8:01 pm
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Intel's Q2 earnings and sales both missed analyst estimates, with earnings per share at $0.02 vs. $0.10 expected and sales at $12.83 billion vs. $12.94 billion expected. Both metrics also showed a year-over-year decline.
Intel's significant miss on earnings per share and slight miss on sales, combined with year-over-year declines, are likely to negatively impact the stock price in the short term. Investors may react to the lower-than-expected performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100