Intel announced earnings per share of $1.23 on revenue of $19.73B. Analysts polled by Investing.com anticipated EPS of $1.11 on revenue of $18.53B.
Intel shares are up 1% from the beginning of the year , still down 12.69% from its 52 week high of $69.29 set on January 24. They are under-performing the Nasdaq 100 which is up 21.16% from the start of the year.
Intel’s report follows an earnings beat by Microsoft on Wednesday, who reported EPS of $1.46 on revenue of $38.03B, compared to forecasts EPS of $1.38 on revenue of $36.43B.
Taiwan Semiconductor had beat expectations on July 15 with second quarter EPS of $0.79 on revenue of $10.55B, compared to forecast for EPS of $0.72 on revenue of $10.38B.
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