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

Market news

24 April 2020

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

Intel (INTC) reported Q1 FY 2020 earnings of $1.45 per share (versus $0.89 per share in Q1 FY 2019), beating analysts' consensus estimate of $1.27 per share.

The company's quarterly revenues amounted to $19.828 bln (+23.5% y/y), beating analysts' consensus estimate of $18.653 bln.

The company issued mixed guidance for Q2 FY 2020, projecting EPS of approx $1.10 versus analysts' consensus estimate of $1.17 and revenues of approx. $18.50 bln versus analysts' consensus estimate of $17.86 bln. It also did not provide FY 2020 guidance due to significant economic uncertainty.

INTC fell to $56.25 (-4.73%) in pre-market trading.

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