Investing

Intel Brings Mixed Earnings, a Tad Early

Intel Corp. (NASDAQ: INTC) was up by 2% going into earnings today, in part led by a new leak on Bloomberg at the end of the trading day that came out right before the closing bell. The processor and chip giant reported adjusted earnings $0.51 EPS ($0.48 EPS net) and $13.5 billion in sales. Thomson Reuters had estimates of $0.45 EPS and $13.53 billion in sales.

Intel’s gross margin was put at 58% for the quarter as well and the company said that the quarter played out mostly as expected. For the coming quarter, Intel sees revenues of $12.7 billion, with its usual plus-or-minus $500 range on it. Thomson Reuters has the coming quarterly earnings report showing a consensus of about $12.9 billion in revenue.

What has been amazing is the recovery we have seen in intel despite what is nothing short of a very weak PC economy that is growing to be dominated by tablets and smartphones. After closing at $22.68, the 52-week range is $19.23 to $29.27 and that 52-week low was as recently as November.

The after-hours reaction has been mixed and shares are currently trading down close to 2% at $22.20 so far.

Get Ready To Retire (Sponsored)

Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Get started right here.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.