Intel Corp reports results for the quarter ended March 31 - Earnings Summary

• Intel Corp INTC.OQ reported quarterly adjusted earnings of 13 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 18 cents. The mean expectation of thirty three analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from -2 cents to 4 cents per share.

• Revenue fell 0.4% to $12.67 billion from a year ago; analysts expected $12.30 billion.

• Intel Corp's reported EPS for the quarter was a loss of 19 cents​.

• The company reported a quarterly loss of $821 million.

• Intel Corp shares had fallen by 9.3% this quarter and gained 2.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 93.4% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 38 "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 $21.00

This summary was machine generated from LSEG data April 24 at 09:01 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)