Investing.com - Intel reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Intel announced earnings per share of $0.29 on revenue of $15.32B. Analysts polled by Investing.com EPS of $0.6967 on revenue of $17.96B.
Intel 's are down 21% and is trading at $35.83 , still down 29.44% from its 52 week high of $56.28 set on Wednesday, January 12, 2022.
Intel shares lost 9.77% to trade at $35.83 in after-hours trade the report.
Intel follows other major Information Technology sector earnings this month
Intel's report follows an earnings beat by Apple on Thursday, who reported EPS of $1.2 on revenue of $82.96B, EPS of $1.16 on revenue of $82.59B.
Microsoft had missed expectations on Tuesday with fourth quarter EPS of $2.23 on revenue of $51.87B, for EPS of $2.29 on revenue of $52.43B.
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