Intel (INTC) reported Q4 FY 2018 earnings of $1.28 per share (versus $1.08 in Q4 FY 2017), beating analysts’ consensus estimate of $1.22.

The company’s quarterly revenues amounted to $18.657 bln (+9.4% y/y), missing analysts’ consensus estimate of $19.015 bln.

The company also issued downside guidance for Q1 FY 2019, projecting EPS of $0.87 (versus analysts’ consensus estimate of $1.01) and revenues of ~$16.0 bln (versus analysts’ consensus estimate of $17.38 bln).

For the FY 2019, the company projected EPS of $4.60 (versus analysts’ consensus estimate of $4.54) and revenues of $71.5 bln (versus analysts’ consensus estimate of $73.22 bln).

INTC fell to $46.40 (-6.75%) in pre-market trading.