Intel (NASDAQ:INTC – Get Free Report) announced its quarterly earnings results on Thursday. The chip maker reported $0.02 earnings per share (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 during the quarter, compared to the consensus estimate of $12.92 billion. Intel had a return on equity of 1.82% and a net margin of 1.77%. The firm’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.05) EPS. Intel updated its Q3 guidance to ($0.03) EPS and its Q3 2024 guidance to -0.030–0.030 EPS.
Intel Stock Performance
NASDAQ:INTC traded down $7.57 during trading hours on Friday, reaching $21.48. The stock had a trading volume of 300,895,920 shares, compared to its average volume of 60,137,096. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The stock has a 50 day simple moving average of $31.35 and a 200 day simple moving average of $36.77. Intel has a 12-month low of $20.42 and a 12-month high of $51.28. The stock has a market cap of $91.44 billion, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05.
Intel Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Wednesday, August 7th. Intel’s dividend payout ratio is currently 52.08%.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on Intel
Intel Company Profile
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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