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Intel Q2 Earnings Beat Is Not What It Looks Like (Nasdaq: INTC)
A surprising Intel Q2 earnings beat sent Intel Corp. (Nasdaq: INTC) stock up as much as 8% in after-hours trading yesterday (Wednesday).
But a closer look showed that INTC's bottom line of $0.55 per share versus a forecast for $0.50 a share was actually the result of a quirk that few have noticed.
Here's how this key part of the Intel Q2 earnings turns a beat into a miss...
A surprising Intel Q2 earnings beat sent Intel Corp. (Nasdaq: INTC) stock up as much as 8% in after-hours trading yesterday (Wednesday).
But a closer look showed that INTC's bottom line of $0.55 per share versus a forecast for $0.50 a share was actually the result of a quirk that few have noticed.
Here's how this key part of the Intel Q2 earnings turns a beat into a miss...