Shares of Intel fell 2.6% in non-trading time after the American chipmaker announced its results for the first quarter and gave a forecast for the whole of 2021.
The main figures of the Intel report
Intel reported earnings per share decline in the first quarter of 4% (compared to the same value in 2020) to $ 1.39, but it was $ 0.24 better than analysts’ estimate of $ 1.15.
Intel’s revenue also fell 6% from last year to $ 18.6 billion, but exceeded Wall Street’s average estimate of $ 17.86 billion.
Intel forecasts
The company’s management expects in the second quarter of 2021:
For the entire fiscal year 2021, Intel expects to receive:
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