Intel Corporation (INTC - Free Report) just released its second quarter fiscal 2016 earnings results, posting earnings of $0.59 per share (excluding special items) and revenue of $13.53 billion.
Currently INTC has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Intel Corporation:
Beat earnings estimates. The company posted earnings of $0.59 per share (excluding special items), surpassing the Zacks Consensus Estimate of $0.52 per share.
Posted revenue that was in –line with estimates. The company saw revenue figures of $13.53 billion, matching the Zacks Consensus Estimate. Revenues Grew 2.53% year-over-year.
Client Computing segment revenue fell 3% to $7.3 billion year-over-year. Data center group revenue was up 5% to $4 billion, which was lower than the expected figure of $4.16 billion.
For the third quarter Intel sees revenue of $14.9 billion, higher than the Consensus Estimate of $14.58 billion.
INTC was down $0.74, or 2.07% to $34.95 as of 4:45 PM ET in afterhours trading shortly after the company’s earnings report was released.
Here’s a graph that looks at Intel Corporation’s Share Price and Consensus Estimate since 2015.
Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through Client Computing Group, Data Center group, Internet of Things Group, Software and Services, and All Other segments. The company’s platforms are used in various computing applications compromising notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, wireless and wired connectivity products, wearables, retail devices, and manufacturing devices.
Check back later for our full analysis on INTC’s second quarter earnings report!
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Intel Corporation (INTC - Free Report) just released its second quarter fiscal 2016 earnings results, posting earnings of $0.59 per share (excluding special items) and revenue of $13.53 billion.
Currently INTC has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Intel Corporation:
Beat earnings estimates. The company posted earnings of $0.59 per share (excluding special items), surpassing the Zacks Consensus Estimate of $0.52 per share.
Posted revenue that was in –line with estimates. The company saw revenue figures of $13.53 billion, matching the Zacks Consensus Estimate. Revenues Grew 2.53% year-over-year.
Client Computing segment revenue fell 3% to $7.3 billion year-over-year. Data center group revenue was up 5% to $4 billion, which was lower than the expected figure of $4.16 billion.
For the third quarter Intel sees revenue of $14.9 billion, higher than the Consensus Estimate of $14.58 billion.
INTC was down $0.74, or 2.07% to $34.95 as of 4:45 PM ET in afterhours trading shortly after the company’s earnings report was released.
Here’s a graph that looks at Intel Corporation’s Share Price and Consensus Estimate since 2015.
Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through Client Computing Group, Data Center group, Internet of Things Group, Software and Services, and All Other segments. The company’s platforms are used in various computing applications compromising notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, wireless and wired connectivity products, wearables, retail devices, and manufacturing devices.
Check back later for our full analysis on INTC’s second quarter earnings report!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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