2 Hrs
Source:
Sky News
Intel achieves fastest revenue growth in 15 years
Intel achieved its fastest revenue growth in the second quarter since 2011, with revenues rising by 25% compared to the same period last year to reach $16.1 billion, surpassing analyst expectations of $14.4 billion. Meanwhile, its adjusted earnings per share were $0.42, twice what Wall Street anticipated, but the company posted a net loss of $11 billion due to accounting fluctuations and non-cash charges related to stock policies and U.S. government interventions. Intel expects the current quarter's results to exceed forecasts, with its shares rising by as much as 12% after the announcement. The company projects adjusted earnings per share between $0.38 and $0.38, and revenues between $15.8 billion and $16.8 billion for the upcoming quarter.
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