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Intel misses on top and bottom line. Earnings-per-share $0.29 vs. expected $0.70

Intel misses on top and bottom line. Earnings-per-share $0.29 vs. expected $0.70

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Greg Michalowski
28/07/2022 | 20:06 GMT
  • Revenues coming lower at $15.3 billion vs. expected 17.92 billion

Intel earnings miss on the top and bottom line:

  • earnings-per-share $0.29 vs. $0.70 expected
  • revenues $15.3 billion vs. $17.92 billion expected
  • lowers fiscal year revenues to $65 – $68 billion vs. $74 billion

Intel shares are trading down around 10%

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