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Intel (INTC) Reported Quarter Ended June 2024.

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Amara

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Jul 18, 2024
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Revenue: $12.83 billion, down 0.9% year-over-year, missing the Zacks Consensus Estimate of $12.92 billion by 0.70%.

EPS: $0.02, compared to $0.13 in the same quarter last year, missing the consensus estimate of $0.10 by 80%.

Key Metrics:
Total Intel Products Group Revenue: $11.80 billion vs. $12 billion estimate.

Other Revenue: $167 million, up 45.2% year-over-year, vs. $190.73 million estimate.
Network and Edge Revenue: $1.34 billion, down 1.5% year-over-year, vs. $1.39 billion estimate.

Data Center and AI Revenue: $3.05 billion, down 24% year-over-year, vs. $3.08 billion estimate.
Client Computing Group Revenue: $7.41 billion, up 9.3% year-over-year, vs. $7.52 billion estimate.

Intersegment Eliminations: -$4.25 billion vs. -$4.52 billion estimate.
Intel Foundry Services Revenue: $4.32 billion, up 1762.1% year-over-year, vs. $4.51 billion estimate.

Mobileye Revenue: $440 million, down 3.1% year-over-year, vs. $423.17 million estimate.
Altera Revenue: $361 million vs. $384.73 million estimate.

Client Computing-Other Revenue: $403 million, down 21.6% year-over-year, vs. $399.91 million estimate.

Client Computing-Notebook Revenue: $4.48 billion, up 15% year-over-year, vs. $4.55 billion estimate.

Stock Performance:
Shares of Intel have declined 1.6% over the past month, while the Zacks S&P 500 composite gained 1.1%.