Categories AlphaGraphs, Earnings, Technology
Earnings: Highlights of Intel’s (INTC) Q1 2023 financial results
Intel Corporation (NASDAQ: INTC) Thursday reported a net loss for the first quarter of 2023 when the semiconductor firm’s revenues declined sharply. The company also provided guidance for the second quarter.
First-quarter revenues decreased 36% annually to $11.7 billion. The top line was negatively impacted by continued slowdown in the core Client Computing segment.
On an adjusted basis, Intel reported a loss of $0.04 per share in the latest quarter, compared to earnings of $0.87 per share in the first quarter of 2022. On a reported basis, the net loss was $2.8 billion or $0.66 per share, compared to a profit of $8.1 billion or $1.98 per share last year.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
AbbVie Q1 2025 adjusted earnings increase on 8% revenue growth; beat estimates
Biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) announced first-quarter 2025 financial results, reporting an increase in revenue and adjusted earnings. The company reported worldwide net revenues of $13.3 billion for the
Colgate-Palmolive (CL) Q1 2025 Earnings: Key financials and quarterly highlights
Colgate-Palmolive Company (NYSE: CL) reported its first quarter 2025 earnings results today. Net sales decreased 3.1% year-over-year to $4.9 billion. Organic sales growth was 1.4%. Net income attributable to Colgate-Palmolive Company rose
Meta Platforms (META) set to report Q1 earnings. Here’s what to expect
After integrating artificial intelligence into its products, Meta Platforms, Inc. (NASDAQ: META) is investing heavily in the metaverse project. Yet, the tech giant has maintained healthy cash flows and consistently
