We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Intel Corporation (INTC) Beats On Earnings, Revenues Match Estimates
Read MoreHide Full Article
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 >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Intel Corporation (INTC) Beats On Earnings, Revenues Match Estimates
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 CORP Price and Consensus
INTEL CORP Price and Consensus | INTEL CORP Quote
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 >>