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Intel stock falls on disappointing Q2 outlook

Julie Hyman and Jared Blikre

Intel (INTC) reported first quarter earnings that topped Wall Street estimates, but its outlook for the second quarter was a disappointment for investors, sending shares lower in after-hours trading.

The chip giant reported adjusted earnings per share of $0.18, surpassing estimates of $0.13. Revenue was in line with expectations, $12.72 billion versus estimates of $12.71 billion.

For the second quarter, the company sees revenue of $12.5 billion to $13.5 billion compared to estimates of $13.63 billion and adjusted earnings per share of $0.10 versus expectations of $0.24.

Yahoo Finance's Julie Hyman, Jared Blikre, and Josh Schafer break down Intel's quarterly results.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Stephanie Mikulich.