Here come Intel's Q2 2019 earnings

Here come Intel's Q2 2019 earnings

INTC) reported its Q2 earnings after the bell on Thursday that beat analysts’ expectations on the top and bottom line. Here are the important numbers from the report:

  • Revenue: $16.5 billion versus $15.67 billion expected

  • Adjusted earnings per share: $1.06 versus $0.89 expected

The is the first quarterly report since CEO Bob Swan slashed Intel’s quarterly and full-year guidance in Q1.

In an interview with Yahoo Finance Editor-in-Chief Andy Serwer, Swan explained that the company didn’t see a way to profitability for the business.

AAPL) for as much as $1 billion. The move will bring modem development in-house at Apple, something the company has been focusing more on for its smartphone division.

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