Earnings Reports

Google Ad

Semiconductor giant Intel reported better than expected Q4 EPS but missed on revenues after the close Thursday. $INTC cautioned that the trade and macro concerns are intensifying, especially in China and of deterioration in the NAND pricing.

 Intel Gaming

Intel Corporation NASDAQ: INTC Reported Earnings After Close Thursday

 $1.28 Beat $1.22 EPS Forecast BUT $18.7B Missed $19.01 Billion forecast in revenue. 

Earnings 

Intel Corporation (INTC) reported an adjusted $1.28 a share on sales of $18.7 billion in the December quarter. Analysts had expected Intel earnings of $1.22 a share on sales of $19.01 billion. On a year-over-year basis, earnings rose 18% while sales climbed 9%. Intel stock dropped about 7% during the after-hours.

Intel Corporation NASDAQ: INTC

Market Reaction After hours 46.27 −3.49 (7.01%)

 Intel earning Q4 2018

“In the fourth quarter, we grew revenue, expanded earnings and previewed new 10nm-based products that position Intel to compete and win going forward. Looking ahead, we are forecasting another record year and raising the dividend based on our view that the explosive growth of data will drive continued demand for Intel products,” said Bob Swan, Intel CFO and Interim CEO.

For the quarter ended December 29, 2018, all the segments experienced a growth except Internet of Things Group. Revenue from Mobileye, which Intel acquired in 2017, grew 43% year-over-year to $183 million.

Outlook 

For Q1 2019, the Santa Clara, California-based chipmaker expects GAAP EPS to be $0.81 and non-GAAP EPS to be $0.87. Revenue is expected to be about $16 billion. Analyts had forecast earnings of $1.01 a share on sales of $17.37 billion in the March quarter.

Analyst were looking for Intel earnings of $4.55 a share on sales of $73.25 billion. Now for full-year 2019, Intel estimates GAAP EPS to be $4.35 and non-GAAP EPS to be $4.60. Revenue is expected to be about $71.5 billion.

Looking ahead into 2019, the company cautioned that the trade and macro concerns are intensifying, especially in China. Intel also expressed its worries on cloud service providers’ absorbing capacity and deterioration in the NAND pricing.

Source: Intel, Alpha Street

Live From The Pit

Log in to comment
Discuss this article in the forums (3 replies).