04:23 PM EDT, 04/25/2024 (MT Newswires) -- Intel ( INTC ) reported Q1 non-GAAP net income Thursday of $0.18 per share, compared with a loss of $0.04 a year earlier.

Analysts polled by Capital IQ expected $0.14.

Net revenue for the quarter ended March 30 was $12.72 billion, up from $11.72 billion a year earlier.

Analysts surveyed by Capital IQ expected $12.78 billion.

Intel ( INTC ) is projecting Q2 non-GAAP EPS of $0.10 per share on revenue between $12.5 billion and $13.5 billion. Analysts polled by Capital IQ expect earnings of $0.26 per share on revenue of $13.59 billion.

The company's board kept the quarterly dividend at $0.125 per share, payable on June 1 to shareholders of record on May 7.

Intel ( INTC ) shares were down more than 8% in recent after-hours activity.

Price: 32.14, Change: -2.97, Percent Change: -8.46