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Intel Corporation (INTC) - free report >>
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Intel Beats Q4 Estimates, Starbucks Mixed
Two household-name stocks, Intel (INTC - Free Report) and Starbucks (SBUX - Free Report) , reported Q4 and fiscal Q1 earnings reports, respectively, after the closing bell today. While Intel crushed estimates on both top- and bottom-lines on slightly more modest guidance, Starbucks slightly missed revenue estimates, and its stock is down 3% in late trading.
For Zacks Rank #2 (Buy) Intel, it posted $1.08 per share — a 25% positive surprise over the Zacks consensus 86 cents. This also accounts for a 15 cent-per-share charge on the new tax laws, and still was a blowout headline. Revenues of $17.05 billion also beat the $16.31 billion we had been expecting, and represent 8% growth year over year.
Yet Q1 guidance was modest: 70 cents per share on $15.0 billion in revenues are both below Zacks consensus, as are the fiscal year projections of $3.55 and $65.0 billion. For more on INTC’s earnings, click here.
Starbucks also outperformed earnings estimates, by 8 cents to 65 cents per share. But the $6.0 billion in quarterly sales just missed our $6.1 billion. That said, year-over-year revenues are up 6% and have ascended to all-time highs. For more on SBUX’s earnings, click here.
Finally, E*TRADE has topped earnings estimates by 3 cents to 64 cents per share. Revenues of $637 million outpaced the $629 million expected. A report that the online trading company has acquired roughly 1 million accounts from Capitol One (COF - Free Report) has pressured late trading.
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