Intel Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
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Intel Corporation is set to release its Q1 earnings on April 24, with expectations of $0 earnings per share, down from 18 cents a year ago, and projected revenue of $12.30 billion, down from $12.72 billion. The company plans to cut over 20% of its workforce under new CEO Lip-Bu Tan. Analysts have revised their price targets, with Wedbush lowering it from $20 to $19, Bernstein from $25 to $21, and others making similar cuts. Intel shares rose 5.5% to $20.59 on Wednesday.
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