Decrease in Income, Sales Down Slightly

Intel Corporation announced disappointing results, eps deteriorated by -6.45 % to $0.87 from $0.93 and Sales declined by -0.03 % to $16.06 billions in the first quarter 2019, year on year.

From preceding quarter, income faded from $1.12 per share and Sales deteriorated by -13.91 % from $18.66 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 -10.78 % decline, in company's net earnings from $4,454 millions in the corresponding period a year before. Looking further into first quarter 2019 Intel Corporation's profitability, operating margin mitigated to 25.99%, and net margin shrank to 24.74%. 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.