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
€30.94
0.730%
Our community is currently low on Intel Corp. with 14 Buy predictions and 19 Sell predictions.
A potential of -25.66%, resulting from comparing the current price of 30.94 € with the target price of 23 € for Intel Corp., shows the chance of incurring significant losses.
