Intel Analysts Boost Their Forecasts Following Upbeat Q2 Results

Intel Corporation (NASDAQ:INTC) reported better-than-expected results for its second quarter and issued strong guidance.

Intel reported second-quarter revenue of $12.9 billion, which was down 15% year-over-year. The revenue came in ahead of a Street consensus estimate of $10.97 billion. Earnings per share of 13 cents beat a Street consensus estimate of a loss of 3 cents per share.