Intel shares pop 12% on earnings beat, uplifting guidance

Intel CEO Pat Gelsinger holds an artificial intelligence processor as he speaks during the Computex conference in Taipei, Taiwan, on June 4, 2024. Intel shares jumped 12% in extended trading on Thursday after the chipmaker reported better-than-expected revenue and issued quarterly guidance that topped expectations. Here's how the company did in comparison with LSEG consensus: Earnings per share: Loss of 46 cents adjusted Revenue: $13.28 billion vs. $13.02 billion expected Intel's revenue declined 6% year ov ...