Here's how the company did:Earnings: 59 cents per share, adjusted, vs. 32 cents per share as expected by analysts, according to Refinitiv.
59 cents per share, adjusted, vs. 32 cents per share as expected by analysts, according to Refinitiv.
Revenue: $15.34 billion, vs. $15.25 billion as expected by analysts, according to Refinitiv.
Intel said it's aiming for $3 billion in cost reductions in 2023, and the number will reach $8 billion to $10 billion in annualized reductions and gains by the end of 2025.
The company now sees $1.95 in adjusted earnings per share and $63 billion to $64 billion in revenue, compared with $2.30 in adjusted earnings per share and $65 billion and $68 billion in revenue three months ago.