* Intel Corp reported quarterly adjusted earnings of 18 cents per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of -4 cents. The mean expectation of thirty two analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from 10 cents to 24 cents per share.
* Revenue rose 8.6% to $12.72 billion from a year ago; analysts expected $12.78 billion.
* Intel Corp's reported EPS for the quarter was a loss of 9 cents.
* The company reported a quarterly loss of $381 million.
* Intel Corp shares had fallen by 21.9% this quarter and lost 31.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 46.4% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy," 33 "hold" and 4 "sell" or "strong sell."
* The average consensus recommendation for the semiconductors peer group is also "hold"
Wall Street's median 12-month price target for Intel Corp is $43.00 This summary was machine generated from LSEG data April 25 at 10:34 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 0.14 0.18 Beat
Dec. 31 2023 0.45 0.54 Beat
Sep. 30 2023 0.22 0.41 Beat
Jun. 30 2023 -0.03 0.13 Beat
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