Investing.com - Intel (NASDAQ:INTC) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Intel announced earnings per share of $0.87 on revenue of $18.35B. Analysts polled by Investing.com anticipated EPS of $0.7859 on revenue of $18.33B.
Intel shares are down 9% from the beginning of the year and are trading at $44.35 , down-from-52-week-high.They are outperforming the S&P Global 100 which is down 10.1% from the start of the year.
Intel shares lost 5.32% in after-hours trade the report.
Intel follows other major Information Technology sector earnings this month
Intel's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.22 on revenue of $49.36B, compared to forecasts EPS of $2.19 on revenue of $49.01B.
Taiwan Semiconductor had beat expectations on Thursday, April 14, 2022 with first quarter EPS of $1.35 on revenue of $16.94B, compared to forecast for EPS of $1.27 on revenue of $16.73B.
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