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

Market news

22 January 2021

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

Intel (INTC) reported Q4 FY 2020 earnings of $1.52 per share (versus $1.52 per share in Q4 FY 2019), beating analysts’ consensus estimate of $1.11 per share.

The company’s quarterly revenues amounted to $20.000 bln (-1.0% y/y), beating analysts’ consensus estimate of $17.478 bln.

The company also issued upside guidance for Q1 FY 2021, projecting EPS of $1.10 versus analysts’ consensus estimate of $0.96 and revenues of $17.50 bln versus analysts’ consensus estimate of $16.36 bln.

INTC fell to $60.00 (-3.94%) in pre-market trading.

Brent crude oil: Bulls are back, average 2021 forecast raised to $55-60 - DBS Bank

USD/CNH still eyes a move to 6.5200 - UOB

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.