Intel Q1 Loss Widens, But Adj. Profit Rises

Intel reported a first-quarter net loss of $3.73 billion, or $0.73 per share, compared with a loss of $821 million, or $0.19 per share, a year earlier. The widening loss signals deteriorating fundamentals and is likely to weigh on the stock, though the article provides no revenue or guidance details.

Analysis

Intel reported a first-quarter net loss of $3.73 billion, or $0.73 per share, compared with a loss of $821 million, or $0.19 per share, a year earlier. The widening loss signals deteriorating fundamentals and is likely to weigh on the stock, though the article provides no revenue or guidance details.