Intel: Earnings per share missed estimates by $0.44 - Revenue beat expectations
Key takeaways:
- Intel reported earnings per share (EPS) of $1.05, missing analysts' estimates by $0.44.
- Revenue came in at $16.4 billion, beating expectations by $200 million.
- The company's data center group revenue grew by 11%, while its PC group revenue declined by 15%.
- Intel also announced a new $10 billion share buyback program.
What does this mean for investors?
Intel's earnings miss was a disappointment, but the company's revenue beat and share buyback announcement were positive signs. The company's data center group continues to perform well, but its PC group is struggling. Overall, Intel's results were mixed, and investors should continue to monitor the company's progress closely.
What's next for Intel?
Intel is facing a number of challenges, including the ongoing chip shortage and competition from AMD. The company is also investing heavily in new technologies, such as artificial intelligence and self-driving cars. It remains to be seen whether Intel can successfully navigate these challenges and return to growth.
Analyst commentary
"Intel's earnings miss was a disappointment, but the company's revenue beat and share buyback announcement were positive signs," said analyst Stacy Rasgon of Bernstein. "The company's data center group continues to perform well, but its PC group is struggling. Overall, Intel's results were mixed, and investors should continue to monitor the company's progress closely."
