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New Highs for Nasdaq, S&P; Q4 Earnings for INTC, IBM & CSX

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Another day, another record close for the S&P 500 and Nasdaq indexes today. While the Dow fell just short of closing in the green (which would have set another all-time high there, too), the S&P squeaked just above it, +0.03%. The Nasdaq, supported by 1.3% growth in Tech on the day, rose 0.55%. The small-cap Russell 2000 dipped 0.89% this Thursday.

Intel INTC was apparently so excited to report its excellent Q4 earnings report, it couldn’t wait until after the bell. Earnings of $1.52 per share was well out in front of the $1.10 expected, on quarterly revenues of $19.98 billion, which topped the Zacks consensus by 14.36%. Intel’s strong quarter was led by added strength in Data Center revenue, which grew 16% year over year to $6.1 billion, above the $5.5 billion estimate.

The tech giant also raised its dividend yield 5%, as well as gave strong guidance for Q1 earnings and sales. Shares rose 6.5% before the closing bell on account of the early reporting, but has given back around 0.8% in late trading. For more on INTC’s earnings, click here.

IBM (IBM - Free Report) , on the other hand, beat earnings estimates yet again (Big Blue has not posted a negative earnings surprise in six years, albeit by typically low margins): $2.07 per share outpaced the $1.78 our analysts were expecting. That said, revenues were lower for the fourth straight month, to $20.37 billion from a $20.59 billion consensus estimate. Its Cloud/Cognitive business, including the recent acquisition Red Hat, fell 5% year over year to $6.84 billion for the quarter. The company offered no guidance for Q1 or fiscal 2021.

CSX Corp. (CSX - Free Report) also put out mixed Q4 figures after the closing bell. Earnings missed estimates by a penny to 99 cents per share. Revenues, though, gained $2.83 billion from the estimated $2.75 billion, down 2% year over year. The railway major only has two earnings misses in the past six years. Shares were down 1.7% in regular Thursday training, and are flat in late trading.

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