Intel reports EPS at $0.92 in Q2, down 12% YoY

Thursday, 25. July 2019 22:12

Intel Corp. said on Thursday its earnings per share stood at $0.92 in the second quarter of fiscal 2019, slipping 12% compared to the same period last year. The tech giant stated its revenue for the quarter was $16.5, decreasing 3% on an annual basis.

Operating income for the second three months of this year was $4.6 billion, falling 12% year on year while the net income for the quarter stood at $4.2 billion, slumping by 17% from the same period a year ago.

"Second quarter results exceeded our expectations on both revenue and earnings, as the growth of data and compute-intensive applications are driving customer demand for higher performance products in both our PC-centric and data-centric businesses. Based on our outperformance in the quarter, we’re raising our full-year guidance. Intel’s ambitions are as big as ever, our collection of assets is unrivaled, and our transformation continues," Intel's CEO Bob Swan said in the press release.

The company's shares jumped 6% in after-market trading.

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Breaking the News / MD