Intel Misses

Intel (INTC) reported Quarter December 2022 earnings of $0.10 per share on revenue of $14.0 billion. The consensus earnings estimate was $0.20 per share on revenue of $16.3 billion. The Earnings Whisper number was $0.23 per share. Revenue fell 31.6% compared to the same quarter a year ago.

The company said it expects a first quarter loss of approximately $0.15 per share on revenue of $10.50 billion to $11.50 billion. The current consensus earnings estimate is $0.26 per share on revenue of $13.93 billion for the quarter ending March 31, 2023.

Intel Corporation is a semiconductor chip maker. It develops integrated digital technology products like integrated circuits, for industries such as computing and communications.