Intel stock falls on disappointing Q2 outlook

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.

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This post was written by Stephanie Mikulich.