Chipmaker Intel Corporation (NASDAQ: INTC) reported a 20% growth in second-quarter revenues, reflecting the strong demand for cloud services during the COVID-related shutdown. However, the stock declined on Thursday evening due to the weak guidance issued by the management.
Earnings, excluding special items, moved up to $1.23 per share from $1.06 per share in the second quarter of last year. Unadjusted net income rose to $5.1 billion or $1.19 per share from $4.2 billion or $0.92 per share a year earlier. The bottom line topped expectations.
At $19.7 billion, total revenues were up 20% year-over-year and above analysts’ consensus estimate. Intel’s stock dropped during Thursday’s after-hours trading, after closing the regular session lower.
“In our increasingly digital world, Intel technology is essential to nearly every industry on this planet. We have an incredible opportunity to enrich lives and grow this company with a continued focus on innovation and execution,” said CEO Bob Swan.
Most Popular
Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results
Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the
