SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Intel Corp. (INTC) on Thursday reported a loss of $11.03 billion in its second quarter.
The Santa Clara, California-based company said it had a loss of $2.16 per share. Earnings, adjusted for one-time gains and costs, were 42 cents per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.
The world’s largest chipmaker posted revenue of $16.13 billion in the period, also topping Street forecasts. Eleven analysts surveyed by Zacks expected $14.41 billion.
For the current quarter ending in September, Intel expects its per-share earnings to be 38 cents.
The company said it expects revenue in the range of $15.8 billion to $16.8 billion for the fiscal third quarter.
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