Company news: Intel’s (INTC) quarterly results beat analysts’ forecasts

Intel (INTC) reported Q1 FY2025 earnings of $0.13 per share (versus $0.18 per share in Q1 FY2024), beating analysts’ consensus estimate of $0.01 per share.

The company’s quarterly revenues amounted to $12.667 bln (-0.4% y/y), beating analysts’ consensus estimate of $12.302 bln.

The company also issued downside guidance for Q2 FY2025, seeing EPS of $0.00 versus analysts’ consensus estimate of $0.07 and revenues of $11.2-12.4 bln versus analysts’ consensus estimate of $12.82 bln.

INTC fell to $20.03 (-6.79%) in pre-market trading.