Categories AlphaGraphs, Earnings, Technology
INTC Earnings: Intel posts weaker-than-expected revenue and profit for Q2
Intel Corporation (NASDAQ: INTC) Thursday reported lower-than-expected adjusted earnings and revenues for the second quarter of 2022. The semiconductor giant also provided financial guidance for the third quarter
Second-quarter revenues decreased 22% annually to $15.3 billion. The top line also missed the consensus estimates.
Adjusted earnings declined to $0.29 per share in the latest quarter from $1.36 per share in the second quarter of 2021. The latest number also fell short of expectations. On a reported basis, the company posted a net loss of $0.5 billion or $0.11 per share, compared to a profit of $5.1 billion or $1.24 per share last year.
Check this space to read management/analysts’ comments on Intel’s Q2 results
“We are being responsive to changing business conditions, working closely with our customers while remaining laser-focused on our strategy and long-term opportunities. We are embracing this challenging environment to accelerate our transformation,” said Intel’s CEO Pat Gelsinger.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
