Company Of The Day: Intel

May 2nd, 2022 by Trefis Team
-1.03%
Downside
35.55
Market
35.19
Trefis
INTC: Intel logo
INTC
Intel

What?

Intel (NASDAQ:INTC) reported Q1 2021 results indicating that revenue declined 7% year-over-year to $18.35 billion. Earnings stood at $0.87 per share. Intel’s Q2 outlook was also weaker than expected, guiding for earnings of approximately $0.70 per share on $18.0 billion in revenue.

Why?

Relevant Articles
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Intel is being impacted by weaker PC sales and Apple’s transition to its own chips for its Mac computers, although this is being partly offset by strong demand from large-scale data centers and enterprises.

So What?

Intel stock declined 7% in Friday’s trading.

See Our Complete Analysis For Intel

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 Returns May 2022
MTD [1]		 2022
YTD [1]		 2017-22
Total [2]
 INTC Return 0% -15% 20%
 S&P 500 Return 0% -13% 85%
 Trefis Multi-Strategy Portfolio 0% -17% 227%

[1] Month-to-date and year-to-date as of 5/2/2022
[2] Cumulative total returns since the end of 2016

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