Intel Corporation reported Q2 revenue of $16.13 billion, a 25% increase year-over-year

Odaily Planet Daily News: Intel Corporation reported Q2 revenue of $16.13 billion, a 25% increase year-over-year, compared to an estimate of $14.43 billion. Q2 Data Center and AI revenue was $6.26 billion, compared to an analyst estimate of $5.54 billion. Q2 adjusted earnings per share (EPS) were $0.42, compared to an analyst estimate of $0.21. The company expects Q3 revenue between $15.8 billion and $16.8 billion, compared to an analyst estimate of $15.06 billion. The company expects Q3 adjusted EPS of $0.38, compared to an analyst estimate of $0.27. (Source: Wall Street Insight)

According to MSX.COM data, Intel shares surged in after-hours trading, initially rising 13%, with gains now narrowing to 3%.