Intel (INTC) Q2 earnings of $0.02 per share miss estimates, revenues of $12.83 billion also fall short.

From Nasdaq: 2024-08-01 17:10:04

Intel (INTC) reported quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.10 per share and showing a decrease from $0.13 per share a year ago. The company has surpassed consensus EPS estimates three times in the last four quarters. Revenues were $12.83 billion, missing estimates by 0.70%.

With Intel shares down 38.8% this year, investors wonder what’s next for the stock. The company’s earnings outlook, which currently predicts a Zacks Rank #4 (Sell), could influence future performance. Consensus estimates for the upcoming quarter and fiscal year are $0.29 per share and $1.03 per share, respectively.

Nvidia (NVDA) is expected to report its quarterly earnings soon, with estimates of $0.55 per share, positive growth of +103.7% from last year, and revenues of $28.24 billion, up 109%. The stock is predicted to be a strong performer in the coming period, aligning with industry trends that suggest future growth.

Investors seeking high potential returns may want to consider five stocks expected to double in 2024. Handpicked by Zacks experts, previous recommendations have seen significant gains. Recommendations like these could offer valuable opportunities for investors looking to maximize their portfolio returns.



Read more at Nasdaq: Intel (INTC) Q2 Earnings and Revenues Miss Estimates