Deterioration in Earnings, Sales Down Slightly

Intel Corporation announced disappointing results, eps deteriorated by -12.38 % to $0.92 from $1.05 and Sales declined by -2.69 % to $16.51 billions in the second quarter 2019, year on year.

From preceding quarter, income improved from $0.87 per share and Sales increased by 2.76 % from $16.06 billions.
Sales fell at PC Client Group -7.44%, Internet and Things Group -71.51%, Software Services Group -0.36%, while revenue growth was achieved at Data Center Group +11.89%, All other +18.61%.
Income thrived in Data Center Group and Software Services Group segments, with 11.07% and 251.72% respectively, but any possibility of company wide income growth relinquished, with declining earnings in PC Client Group and Internet and Things Group business units.
Those were major factors for -16.52 % decline, in company's net earnings from $5,006 millions in the corresponding period a year before. Looking further into second quarter 2019 Intel Corporation's profitability, operating margin mitigated to 27.97%, and net margin shrank to 25.32%. Intel Corporation lowered it's annual revenue forecast by $ -70 millions, now company expects to revenues from $55,241 millions to $55,241 millions.
1All other segments have decreased the loss.