Intel’s stock price closed at $35.11, down 19.56% in the last three months but up 20.86% in the last 12 months. The company saw positive and negative EPS revisions in the last 90 days. Despite the earnings miss, Intel raised its guidance for the second quarter of 2024, with EPS expected to come in at $0.10 and revenue between $12.50 billion and $13.50 billion. This is above the analyst consensus estimates of $0.24 for EPS and $12.68 billion for revenue.
Intel Reports Earnings Miss, Lowers Guidance
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