IBM (IBM): Q1 EPS of $2.78 vs cons $0.13. Revenue of $24.67B (flat Y/Y).

IBM said it now expects 2012 earnings of at least $15.00 per share. The company's previous guidance was earnings of at least $14.85 per share and the current consensus earnings estimate is $14.87 per share for the year ending December 31, 2012.

Intel (INTC): Q1 EPS of $0.53 vs cons $0.50. Revenue of $12.91B (flat Y/Y).

Intel Corp. (INTC) said it expects second quarter revenue of $13.10 billion to $14.10 billion. The current consensus revenue estimate is $13.39 billion for the quarter ending June 30, 2012.