Headline Alert
Earnings Update: Intel
Intel (INTC) reported Q2 earnings on Wednesday after the closing bell.
The company reported Q2 earnings per share of $0.54, which was $0.03 above the Reuters consensus estimate of $0.51. The company reported revenues of $13.03 billion, which was above the Reuters estimate of $12.83 billion.
INTC guided Q3 revenues to $14.1 billion +/- $500 million ex-acquisition related accounting impacts. This was slightly ahead of Reuters guidance estimate of $13.47 billion.
INTC is trading in after hours at $22.47 after closing Wednesday at $22.99 (-2.22%) on concerns about the PC business.
Intel - Last 12 Months
Disclosure: Mr. Moenning and/or affiliated companies own positions in the following stocks mentioned: None
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