- Intel is due to report fiscal first-quarter earnings on Thursday evening after the market closes.
- The chip maker’s stock is up about 25% this year, topping the S&P 500 index, which has gained almost 16%, and the Nasdaq Composite, which has risen roughly 21%.
Intel is due to report fiscal first-quarter earnings on Thursday evening after the market closes.
The chip maker’s stock is up about 25% this year, topping the S&P 500 index, which has gained almost 16%, and the Nasdaq Composite, which has risen roughly 21%.
Here’s a snapshot of Wall Street’s expectations and some recent history.
• Intel is expected to generate adjusted earnings per share of 87 cents for the first quarter, about the same as the 87 cents per share in the year-earlier quarter. Analysts also estimate sales of $16.03 billion for the March quarter.
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• Intel’s fourth-quarter earnings of $1.28, reported in January, topped expectations of $1.22. But the company gave weaker-than-expected sales guidance of $16 billion for the March quarter, short of the $17.3 billion consensus estimate at the time.
• Intel stock rose last week as investors cheered the company’s retreat from the 5G modem business. Intel announced on April 16 that it will exit the 5G smartphone-modem business, moving aside for Qualcomm to potentially take the Apple business. Some analysts commended the move because Intel can focus more on its higher profit margin server and PC processor businesses.
Intel’s earnings conference call is scheduled for 5 p.m. E.T. on Thursday.
Date: April 24, 2019
Source: Barron’s