Yahoo Finance Intel First Quarter 2024 Earnings: EPS Beats Expectations
Intel (NASDAQ:INTC) First Quarter 2024 Results
Key Financial Results
Revenue: US$12.7b (up 8.6% from 1Q 2023).
Net loss: US$381.0m (loss narrowed by 86% from 1Q 2023).
US$0.09 loss per share (improved from US$0.66 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Intel EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 38%.
Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in the US.
Performance of the American Semiconductor industry.
The company's shares are down 6.8% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 2 warning signs for Intel you should know about.
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