Intel just released its earnings for the second quarter of the 2019 fiscal year, and while the results beat analyst expectations and lead to an improved full-year outlook, it still shows a year-on-year drop.
First, the good news: the results show revenues of $16.5 billion, which beat analyst estimates – Zacks Consensus Estimates expected $15.6 billion in revenue.
Intel previously reduced its full-year revenue outlook to $69 billion, but following these results, Intel is raising it to $69.5 billion – an increase of $500 million.
