Intel's Struggles Continue, but Is a Turnaround Near?
's (NASDAQ: INTC) first-quarter results came up flat, and investors sent shares of the struggling semiconductor company lower. Intel shares are down more than 40% over the past year.
Revenue was flat for the quarter, coming in at $12.7 billion. Adjusted earnings per share (EPS) sank 28% to $0.13. The lackluster numbers easily surpassed the $0.01 in EPS and $12.3 billion in revenue in the analyst consensus compiled by LSEG, but Intel's guidance disappointed.
Let's take a closer look at Intel's quarterly results to see when a turnaround could be in store.
Source Fool.com
Intel Corp. Stock
€83.47
-6.600%
Currently there is a rather positive sentiment for Intel Corp. with 47 Buy predictions and 25 Sell predictions.
However, we have a potential of -13.74% for Intel Corp. as the target price of 72 € is below the current price of 83.47 €.
