Intel Earnings: Here’s Why Investors are Riding a Rollercoaster

Intel Corporation (NASDAQ:INTC) generated a profit and beat Wall Street’s expectation. Despite exceeding analyst estimate, Intel delivered a decline in top-line and bottom-line year-over-year numbers. Shares are down 2.43%.

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Intel Corporation Earnings Cheat Sheet

Results: Net income decreased -22.62% to $2.6 billion (48 cents per diluted share) in the quarter versus a net gain of $3.36 billion in the year-earlier quarter.

Revenue: Decreased 2.79% to $13.5 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Intel Corporation reported adjusted net income of 48 cents per share. By that measure, the company beat the mean analyst estimate of $0.45. Intel was in-line with the average revenue estimate of $13.53 billion.

Quoting Management: “The fourth quarter played out largely as expected as we continued to execute through a challenging environment,” said Paul Otellini, Intel president and CEO…