Page 6 - Intel Foundry News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Shares of computer processor maker Intel (NASDAQ:INTC) fell 10.9% in the morning session after the company reported first-quarter results, with revenue and EPS falling below Wall Street's expectations. Specifically, revenue in the "All Other" segment, which includes Altera and Mobileye, fell below expectations due to inventory headwinds. Intel observed slightly weaker-than-expected trends during the quarter and called out near-term supply constraints. As a result, guidance wasn't encouraging, as

Almost all of Intel's business units were profitable in Q1, except manufacturing unit that made record $2.5 billion loss.

Ntel reported quarterly earnings of 18 cents per share which beat the analyst consensus estimate of 14 cents by 28.57%. Quarterly sales came in at $12.72 billion which missed the analyst consensus estimate of $12.78 billion by 0.44% and represents a 8.61% increase over sales of $11.71 billion from the same period last year.

Intel's report was the first since the company revealed that it had restructured its financial reports to make Intel Foundry a separate line item.

Intel’s report was the first since the company revealed that it had restructured its financial reports to make Intel Foundry a separate line item.