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

Market news

24 January 2020

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

Intel (INTC) reported Q4 FY 2019 earnings of $1.52 per share (versus $1.28 per share in Q4 FY 2018), beating analysts' consensus estimate of $1.25 per share.

The company's quarterly revenues amounted to $20.200 bln (+8.3% y/y), beating analysts' consensus estimate of $19.232 bln.

The company issued upside guidance for Q1 FY 2020, projecting EPS of $1.30 (versus analysts' consensus estimate of $1.03) and revenues of $19.0 bln (versus analysts' consensus estimate of $17.19 bln).

Ii also issues upside guidance for FY 2020, projecting EPS of $5.00 (versus analysts' consensus estimate of $4.65) and revenues of $73.5 bln (versus analysts' consensus estimate of $72.15 bln.

INTC rose to $66.37 (+4.82%) in pre-market trading.

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