Company News: Intel (INTC) Q4 results beat analysts’ expectations

Market news

27 January 2017

Company News: Intel (INTC) Q4 results beat analysts’ expectations

Intel reported Q4 FY 2016 earnings of $0.79 per share (versus $0.74 in Q4 FY 2015), beating analysts' consensus estimate of $0.75.

The company's quarterly revenues amounted to $16.400 bln (+10.1% y/y), beating analysts' consensus estimate of $15.750 bln.

The company also issued upside guidance for Q1, projecting EPS of $0.65 (versus analysts' consensus estimate of $0.61) and revenues of $14.8 bln (versus analysts' consensus estimate of $14.51 bln). For FY 2017, it forecast EPS of $2.80 (versus analysts' consensus estimate of $2.81) and revenues of $59.5 bln (versus analysts' consensus estimate of $60.85 bln).

INTC rose to $38.00 (+1.17%) in pre-market trading.

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