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Technology Stocks : Semi Equipment Analysis
SOXX 297.50-2.6%Nov 6 4:00 PM EST

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To: Return to Sender who wrote (90094)4/27/2023 6:12:59 PM
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Intel beats by $0.10, beats on revs; guides Q2 EPS below consensus, revs in-line
4:11 PM ET 4/27/23 | Briefing.com

Reports Q1 (Mar) loss of $0.04 per share, excluding non-recurring items, $0.10 better than the S&P Capital IQ Consensus of ($0.14); revenues fell 36.2% year/year to $11.71 bln vs the $11.13 bln S&P Capital IQ Consensus. Co issues guidance for Q2, sees EPS of ($0.04), excluding non-recurring items, vs. $0.02 S&P Capital IQ Consensus; sees Q2 revs of $11.5-12.5 bln vs. $11.77 bln S&P Capital IQ Consensus."We delivered solid first-quarter results, representing steady progress with our transformation," said Pat Gelsinger, Intel CEO. "We hit key execution milestones in our data center roadmap and demonstrated the health of the process technology underpinning it. While we remain cautious on the macroeconomic outlook, we are focused on what we can control as we deliver on IDM 2.0: driving consistent execution across process and product roadmaps and advancing our foundry business to best position us to capitalize on the $1 trillion market opportunity ahead."

INTC Up Over 10% After Hours at 32! RtS
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