TradingKey – Even though the chipmaker’s second-quarter revenue surpassed Wall Street estimates, along with an increase in gross margins and a more upbeat third-quarter forecast, the stock was unable to keep pace with its initial gain after reports.
Trading nearly 10% higher in after-hours trading initially, shares of Intel (NASDAQ: INTC) retreated following investors weighing in on its $11 billion net loss in relation to restructuring costs. It remains to be seen if the stronger demand, increasing 18A ramp-up progress, and better profitability will make up for the losses associated with restructuring the company’s business.
Revenue Beat Expectations, But Losses Grew
Intel generated revenues of $16.1 billion in Q2, 25% higher than one…







