Better than forecasts at the central level, but disappointing in arms – “keys” in relation to analysts’ estimates were the results announced by Intel for the first quarter of 2022, with the company’s chip industry – in particular – not passing the “bar” of forecasts.
The company’s share declined up to 5% in electronic post-conference trading, while in the meeting on Thursday that preceded the announcement it gained 3.6%.
More specifically, Intel reported net income of $ 8.11 billion or $ 1.98 per share, up from 3.36 billion or 82 cents a share in the same period last year.
On an adjusted basis for acquisition spending, the company posted earnings of 87 cents a share, up from $ 1.34 a share in the same period last year.
Revenue fell to $ 18.36 billion from $ 19.67 billion in the quarter on an annual basis.
Analysts expected adjusted earnings of 78 cents per share on revenue of $ 18.33 billion.
The forecast for the second quarter of the year stands at 70 cents on revenue of about $ 18 billion, with adjusted margins of 51%. Analysts expected adjusted earnings of 80 cents per share on revenue of $ 18.34.
Source: Capital
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