Company News: Intel’s (INTC) Q2 results beat analysts’ expectations

Market news

27 July 2018

Company News: Intel’s (INTC) Q2 results beat analysts’ expectations

Intel (INTC) reported Q2 FY 2018 earnings of $1.04 per share (versus $0.72 in Q2 FY 2017), beating analysts' consensus estimate of $0.97.

The company's quarterly revenues amounted to $16.962 bln (+14.9% y/y), beating analysts' consensus estimate of $16.776 bln.

Intel issued guidance for Q3, projecting EPS of $1.10-1.20 versus analysts' consensus estimate of $1.08 and revenues of $17.6-18.6 bln versus analysts' consensus estimate of $17.62 bln.

The company also raised its FY 2018 EPS guidance to $3.94-4.36 (versus analysts' consensus estimate of $4.01) and revenues guidance to $68.5-70.5 bln (versus analysts' consensus estimate of $68.38 bln).

INTC fell to $48.64 (-6.75%) in pre-market trading.

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