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Intel surges 19% after hours, Q1 revenue of $13.6 billion, up 7.2% year-over-year
Golden Finance reports that on April 24th, Intel surged 19% after hours, closing at $79.50.
Intel’s first-quarter revenue was $13.6 billion, up 7.2% year-over-year, compared to an estimated $12.36 billion;
first-quarter net loss was $3.7 billion, compared to a loss of $800 million in the same period last year;
first-quarter adjusted earnings per share were $0.29, compared to $0.13 in the same period last year, with an estimate of $0.01.
The financial report shows that Intel’s first-quarter data center and AI revenue was $5.05 billion,
first-quarter client computing revenue was $7.73 billion, with analysts expecting $7.096 billion,
and Intel Foundry’s first-quarter revenue was $5.42 billion.
The company expects second-quarter revenue to be between $13.8 billion and $14.8 billion, with an estimate of $13.04 billion.