5 Reasons to Avoid Intel After Its Q1 Earnings Report
Intel's (NASDAQ:INTC) stock recently tumbled after the chipmaker posted its first-quarter earnings. Its revenue fell 1% year over year to $19.7 billion, but still beat estimates by $1.75 billion. Its non-GAAP net income declined 6% to $5.7 billion. Its non-GAAP earnings per share, buoyed by buybacks, dipped 1% to $1.39 and cleared expectations by $0.25. Those numbers exclude its NAND business, which will be sold to SK Hynix, and other one-time items. Intel expects its revenue and non-GAAP earnings to decline 10% and 15% year over year, respectively, in the second quarter. Analysts had expect...