Intel Corporation (INTC)
Intel (INTC) Reports Q2 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Intel (INTC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Intel (INTC) Q2 Earnings and Revenues Miss Estimates
Intel (INTC) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.13 per share a year ago.
Intel Drops Heavily Anticipated Results: Absolute Disaster
Intel Corporation stock plummeted after a disastrous Q2 earnings report, missing expectations and suspending the dividend. Revenue is down, margins are below expectations and weak Q3 outlook, leading to an expected selloff. Intel is taking drastic measures to improve the balance sheet, including suspending the dividend, reducing expenses, and cutting jobs.
Intel announces plan to cut 15,000 jobs to ‘resize and refocus' business
Firm reported a loss in its second quarter and said it would cut 15% of its workforce to cut costs and compete with rivals
Intel Badly Misses Q2 Targets, Initiates Cost-Reduction Plan
Chipmaker Intel badly missed Wall Street's targets for the second quarter and with its guidance for the third quarter.
Intel Will Cut More Than 15,000 Jobs
The Silicon Valley chip maker also reported a net loss and declining revenue in the latest quarter.
Intel to suspend dividend, cut 15% of staff upon big earnings miss
Intel Corp. plans a $10 billion cost-cutting program that would decrease capital expenditures and bring a 15% headcount reduction, the company said Thursday.
Intel to cut 15% of headcount, reports quarterly guidance miss
Intel reported worse-than-expected quarterly results and issued light quarterly guidance. The chipmaker plans to cut 15% of headcount, which was over 125,000 at the end of the second quarter.
Intel to Cut Jobs, Suspend Dividend in Cost-Saving Push
Intel plans to lay off thousands of employees this year and pause dividend payments in the fourth quarter as part of a sweeping cost-saving drive more than three years into Chief Executive Pat Gelsinger's turnaround effort.
Intel Stock Analysis: Hold Off on INTC Until the Green Flags Fly Again
If you had told Wall Street tech stalwarts back in 2020 that Intel (NYSE: INTC ) stock would plummet as rapidly as it has over the last 12 months, it's likely many of them would have laughed you off. Fast forward four years, and Intel is in the same position it was over two decades ago.
What You Need To Know Ahead of Intel's Earnings Report
UPDATE—Aug. 1, 2024: This article has been updated to reflect more recent share price information.
Intel Stock's Downward Spiral: Can Q2 Earnings Spark A Reversal?
Intel Corp INTC will be reporting its second-quarter earnings Thursday. Wall Street expects 10 cents in EPS and $12.94 billion in revenues as the company reports after market hours.
