- Company News: Intel (INTC) quarterly earnings beat analysts’ expectations
Market news
26 April 2019
Company News: Intel (INTC) quarterly earnings beat analysts’ expectations
Intel (INTC) reported Q1 FY 2019 earnings of $0.89 per share (versus $0.87 in Q1 FY 2018), beating analysts’ consensus of $0.87.
The company’s quarterly revenues amounted to $16.100 bln (0.0% y/y), generally in line with analysts’ consensus estimate of $16.031 bln.
The company issued downside guidance for Q2, projecting EPS of $0.89 (versus analysts’ consensus estimate of $1.02) and revenues of approx. $15.6 bln (versus analysts’ consensus estimate of $16.88 bln).
The company issued downside guidance for FY 2019, projecting EPS of $4.35 (versus analysts’ consensus estimate of $4.50) and revenues of approx. $69.0 bln (versus analysts’ consensus estimate of $71.07 bln).
INTC fell to $53.30 (-7.48%) in pre-market trading.
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