Shares of Intel Corp. INTC, +0.63% climbed in Thursday's extended session after the chip maker posted better-than-expected quarterly earnings and raised its full-year guidance. Intel reported its second-quarter earnings more than doubled to $2.8 billion, or 58 cents a share, from $1.3 billion, or 27 cents a share, a year earlier. On an adjusted basis, the tech company would have earned 72 cents a share. Revenue grew 9% to $14.8 billion. Analysts surveyed by FactSet had forecast earnings of 68 cents on revenue of $14.4 billion. Intel also raised its full-year revenue outlook by $1.3 billion to $61.3 billion and adjusted earnings per share by 15 cents to $3. Analysts are predicting revenue of $60.22 billion and EPS of $2.86. Intel shares jumped more than 4% after hours. Read More Intel gains on robust quarterly earnings, upbeat outlook : http://ift.tt/2u2VS5r
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
January 2020
Categories |