Intel reports better than expected Q1 earnings, but falls short on revenue outlook. Stock slides more than 5%
Intel (INTC) announced its first quarter earnings results after the bell on Thursday, beating analysts’ expectations on the top and bottom lines. But the company’s Q2 outlook fell short of Wall Street’s estimates, sending the stock sliding. Intel said it anticipates Q2 revenue of between $12.5 billion and $13.5 billion. Analysts were anticipating $13.63 billion