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Why Is Intel (INTC) Stock Volatile After Earnings? Revenue Beat Overshadowed by $11 Billion Loss

Why Is Intel (INTC) Stock Volatile After Earnings? Revenue Beat Overshadowed by $11 Billion Loss

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…

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