Semiconductor giant Intel Corporation (NASDAQ: INTC) is all set to publish second-quarter 2023 results today after the closing bell, amid expectations for a decline in revenues.
When the tech firm reports Q2 results, the market will be looking for a loss of $0.03 per share, which would mark a deterioration from the prior-year quarter when the company reported earnings of $0.29 per share. Analysts expect revenues to be $10.97 billion, which represents a 28.40% year-over-year decline.
In the first three months of fiscal 2023, intel slipped to a net loss of $0.04 per share, on an adjusted basis, from earnings of $0.87 per share in the prior-year quarter. The bottom line was negatively impacted by a 36% fall in revenues to $11.7 billion. All the main operating segments contracted sharply in the first quarter.
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