Intel (INTC) Tops Q1 Earnings Estimates, Falters on Revenues

Intel Corporation (INTC) reported relatively healthy first-quarter 2024 results, largely due to strong operating leverage, expense discipline and significant traction from its IDM 2.0 (integrated device manufacturing) strategy.Net IncomeThe company reported a GAAP loss of $381 million or a loss of 9 cents per share compared with a loss of $2,758 million or a loss of 66 cents per share in the year-ago quarter. The significantly narrower loss was primarily attributable to higher revenues and income tax benefi ...