Intel (NASDAQ:INTC – Get Free Report) issued its quarterly earnings results on Thursday. The chip maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.08), Briefing.com reports. The firm had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.82%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.05) earnings per share. Intel updated its Q3 guidance to ($0.03) EPS and its Q3 2024 guidance to -0.030–0.030 EPS.
Intel Price Performance
Shares of Intel stock traded down $7.57 on Friday, reaching $21.48. The company’s stock had a trading volume of 300,895,920 shares, compared to its average volume of 60,137,096. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $91.44 billion, a P/E ratio of 22.38, a PEG ratio of 17.38 and a beta of 1.05. The stock has a 50-day moving average price of $31.35 and a 200-day moving average price of $36.77. Intel has a 52-week low of $20.42 and a 52-week high of $51.28.
Intel Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.33%. Intel’s dividend payout ratio is currently 52.08%.
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About Intel
Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.
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