Intel Crashed Nearly 10% in Morning Trading As It Reported a Surprise Quarterly Loss and Cut Its Full-Year Outlook

Tiger Newspress2022-07-29

Intel crashed nearly 10% in morning trading.

Intel reported a second-quarter loss of $454 million, or 11 cents a share, versus net income of $5.06 billion, or $1.24 a share, in the year-ago period. After adjusting for acquisition-related expenses and other items, Intel reported earnings of 29 cents a share, compared with $1.36 a share from a year ago.

Revenue declined to $15.32 billion from $19.63 billion in the year-ago quarter, for an eighth straight quarter of year-over-year declines. Excluding the company's divested memory business, the company reported revenue of $18.5 billion in the year-ago period. Gross margins dropped to 44.8% from 59.8% in the year-ago period.

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Comments

simplekelvin
2022-07-30
simplekelvin
Ok
Bspn
2022-07-30
Bspn
Ok
kamy
2022-07-30
kamy
Ok
Cruidi
2022-07-29
Cruidi
surpeise
knowhow
2022-07-29
knowhow
AMD market cap is higher than Intel! Nice!
RT126
2022-07-29
RT126
Intel just a hopeless stock.

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Nice!","listText":"AMD market cap is higher than Intel! Nice!","text":"AMD market cap is higher than Intel! Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9901077380","repostId":1193462277,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9901045742,"gmtCreate":1659104096886,"gmtModify":1676536258188,"author":{"id":"4095412450481050","authorId":"4095412450481050","name":"RT126","avatar":"https://static.tigerbbs.com/71bd4d86dba111820dfaead92c1969c1","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":1,"crmLevelSwitch":1,"idStr":"4095412450481050","authorIdStr":"4095412450481050"},"htmlText":"Intel just a hopeless stock.","listText":"Intel just a hopeless stock.","text":"Intel just a hopeless stock.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9901045742","repostId":1193462277,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":68,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1193462277"}