As a seasoned tech enthusiast who’s been following Intel’s (INTC) journey since the days of the 486 processor, I must say this Q2 2024 earnings report has left me scratching my head more than a Pentium III on a Windows 95 system. The revenue miss and the EPS loss are not just disappointing; they’re downright puzzling given Intel’s historic prowess in the tech industry.
Today, Intel (INTC) disclosed its Q2 2024 financial results, and unfortunately, the figures aren’t encouraging. The corporation fell short of the projected revenue targets and reported a loss in earnings per share (EPS), whereas analysts anticipated a profit instead.
Intel’s Q2 2024 earnings statement revealed that the company earned approximately $12.83 billion in revenue, slightly lower than the anticipated $12.9 billion. However, the disappointment doesn’t end there. The company also reported an unexpected EPS loss of $0.02, contrasting with expectations for a $0.10 profit per share. The predicted ‘EPS whisper number’, which represents analysts’ informal estimates, was $0.09 per share. In other words, Intel fell short across the board in terms of earnings this quarter.
The company acknowledged the poor performance within its earnings report.
Currently, Intel isn’t doing so well, but for updates on other companies in the gaming and tech industry, it’s best to follow the Shacknews market news category instead.
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2024-08-01 23:57