5 Companies Making Headlines Following Earnings Reports

In this article, we discuss the 5 companies making headlines following earnings reports. If you want to read our detailed analysis of these companies, go directly to the 11 Companies Making Headlines Following Earnings Reports.

5. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 72

Intel Corporation (NASDAQ:INTC) recently announced better-than-expected financial results for the first quarter. However, its second-quarter guidance disappointed investors, sending its shares down more than three percent in the pre-market trading session on Friday, April 29, 2022.

The California-based chip giant expects adjusted earnings of about 70 cents per share and revenue of approx. $18 billion for the current quarter. However, the guidance is below the consensus of 83 cents per share for earnings and $18.38 billion for revenue.

For the first quarter, Intel Corporation (NASDAQ:INTC) reported adjusted earnings of 87 cents per share, topping estimates of 81 cents per share. Revenue came in at $18.4 billion, beating expectations of $18.31 billion.

Intel Corporation (NASDAQ:INTC) also released the sales performance of its flagship segments. Revenue from the Client Computing Group, its largest segment, fell 13 percent to $9.3 billion. On the bright side, revenue from the Datacenter and AI Group jumped 22 percent to $6 billion, while revenue from the Network and Edge Group climbed 23 percent to $2.2 billion in the quarter.