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Barchart
Barchart
Dipanjan Banchur

Earnings Preview: What to Expect From Intel’s Report

INTC

Santa Clara, California-based Intel Corporation (INTC) designs, develops, manufactures, markets, and sells computing and related products and services. Valued at $136.31 billion by market cap, the company specializes in microprocessors, chipsets, embedded processors, microcontrollers, flash memory, network and communication devices, and digital imaging products. The leading chipmaker is expected to announce its fiscal second-quarter earnings for 2024 on Thursday, July 25. 

Ahead of the event, analysts expect INTC to report a loss of $0.12 per share on a diluted basis, a 140% jump from a loss of $0.05 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing on one other occasion. In the previous quarter, INTC revealed that its foundry unit incurred an operating loss totaling $2.50 billion, and its revenue fell 10% year over year to $4.4 billion. 

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