Categories AlphaGraphs, Earnings, Technology
INTC Earnings: Intel Q1 profit tops expectations; revenue up 9%
Semiconductor behemoth Intel Corporation (NASDAQ: INTC) Thursday reported an increase in revenues for the first quarter of 2024. Earnings exceeded Wall Street’s estimates.
Revenues rose 9% year-over-year to $12.72 billion in the March quarter. Revenues of Client Computing, the company’s main operating segment, grew in double digits.
The tech firm reported earnings of $0.18 per share for the first quarter, on an adjusted basis, compared to a loss of $0.04 per share in the same period of 2023. Earnings also beat estimates. On a reported basis, it was a net loss of $381 million or $0.09 per share in Q1, compared to a loss of $2.76 billion or $0.66 per share last year.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
StubHub Holdings set to enter public markets. Here’s what to expect
After a modest start to the year, the IPO market is witnessing an increase in activity led by technology and healthcare companies. StubHub Holdings, a leading online ticket marketplace for
Can Beyond Meat (BYND) overcome its persistent challenges?
Shares of Beyond Meat, Inc. (NASDAQ: BYND) stayed red on Tuesday. The stock has dropped 19% over the past three months. The plant-based meat company continues to struggle in terms
CarMax (KMX) likely to report strong earnings growth for Q4 2025
After reporting robust earnings growth for the third quarter, CarMax, Inc. (NYSE: KMX) is preparing to publish Q4 results next week. Over the years, the company has fostered customer loyalty
