Reported 1 day ago
Intel reported better-than-expected earnings for the first quarter, with an adjusted EPS of $0.13 and revenue of $12.7 billion. However, a disappointing forecast for the second quarter, predicting revenue between $11.2 billion and $12.4 billion—below analysts' expectations of $12.8 billion—caused a more than 6% drop in share prices. New CEO Lip-Bu Tan acknowledged the need for improvement in innovation at the company, which has faced challenges including potential impacts from tariffs amid a trade war.
Source: YAHOO