Intel’s Latest Earnings Were a Bloodbath
The hits keep on coming for Intel, with the latest earnings report delivering the worst quarterly loss in company history. Intel reported $11.7 billion in revenue in its first quarter, a 36% decline year-over-year. Losses per share came in at $0.04 adjusted, a 133% annual decline and the worst quarterly performance in the company’s history, according to CNBC. Despite the historic pounding, the results were actually slightly better than analysts expected. “We delivered solid first-quarter results, representing steady progress with our transformation,” said Pat Gelsinger, Intel CEO. “We hit key execution milestones in…
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