SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Intel Corp. (INTC) on Thursday reported a loss of $2.92 billion in its second quarter.
On a per-share basis, the Santa Clara, California-based company said it had a loss of 67 cents. Losses, adjusted for one-time gains and costs, were 10 cents per share.
The results fell short of Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The world’s largest chipmaker posted revenue of $12.86 billion in the period, beating Street forecasts. Eleven analysts surveyed by Zacks expected $11.87 billion.
For the current quarter ending in September, Intel said it expects revenue in the range of $12.6 billion to $13.6 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INTC at https://www.zacks.com/ap/INTC
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
