Intel Corp reports results for the quarter ended June 30 - Earnings Summary

• Intel Corp INTC.OQ reported a quarterly adjusted loss of 10 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of thirty five analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from -2 cents to 13 cents per share.
• Revenue rose 0.2% to $12.86 billion from a year ago; analysts expected $11.92 billion.
• Intel Corp's reported EPS for the quarter was a loss of 67 cents​.
• The company reported a quarterly loss of $2.92 billion.
• Intel Corp shares had risen by 4.9% this quarter and gained 17.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 75.4% 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 2 "strong buy" or "buy," 40 "hold" and 4 "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is "buy."
• Wall Street's median 12-month price target for Intel Corp is $22.00, about 6.8% below its last closing price of $23.49

This summary was machine generated from LSEG data July 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)