Intel Corporation (INTC) EPS Hit 55c Shares Jump 7% [LIVE UPDATES]Author: David GoldsteinLast Updated: March 12, 2020 Update 16:00 EST: The market is now closed. Shares in Intel are ending the day down a fraction ahead of release.Update 16:06 EST: Intel just released it numbers. Earnings hit 55 cent per share for the three months.Update 16:07 EST: Revenue came in at $13.2 billion.Update 16:10 EST: Shares are up by more than 7 percent in after-market trading as a result of the news.Update 16:14 EST: Data Center Group, everyone’s big worry, is up 10 percent on last year to $3.9 billion.Update 16L15 EST: Client Computing Group hit hardest, down 14 percent year on year.Intel Corporation earnings are set to arrive this afternoon, Wednesday July 15, after the market closed on Wall Street. The firm is expected to show weak results for the quarter after the PC market showed sure signs of slow down during the three months. Shares have lost more than 3 percent of their value in the five days leading into the reveal.We’ll be covering all of the earnings numbers just as soon as the numbers arrive this afternoon. For those who want to know more about what to expect from the firm this time around, have a look at our preview below.Intel Corporation earnings previewFor the three months through June Wall Street is looking for Intel to show earnings of 40 cents per share. Revenue will come in at $13.04bn says the consensus of 38 analysts following the firm. In the same three months of 2014 Intel earned 52 cents per share on revenue of $13.8bn.The slowing PC market, combined with poor performance in its attempts to capture the mobile market, have driven Intel Corporation shares lower in recent years and caused Wall Street firms to cut their outlook for the firm’s earnings.On Tuesday Bernstein lowered its price target on the firm to $25, down from $29. The research house said that Intel leaders were “flailing about” as their core business in the PC market declines and prospects in mobile look worse and worse with each passing year.The Data Center Group, a segment that Intel plans to bolster with its purchase of Altera, might also slow down this time around, weakness that Intel can ill-afford right now.Tables turn on IntelIntel was once the dominant force in the chips that power computing, but the firm fell, like so many others, during the rise of mobile. As tablet sales slowed last year it seemed that PC sales might pick up and give the firm a much-needed boost, but that hasn’t happened.People aren’t updating their PCs because their phone is in charge of much of their online life, and their PC comes very much in second in terms of daily use. The money that people spend on phones is now coming out of Intel’s pocket, and the firm has had little success in the mobile market despite many releases claiming to be the Intel mobile solution.Data centers, the firm’s play for mobile on the other side of the screen, have grown at the firm, but that may in trouble this time around.Bernstein says that servers are the “last sort of leg standing on the […] pieces on the stock,” and “there is a real chance of that disappointing now.”After that report, the numbers from Intel’s healthy server business will be of prime importance when the firm’s numbers are revealed later on today.