Intel Q1: EPS, Revenue, Gross Margin All Ahead of Estimates
For the second straight quarter, Intel (INTC) has handily beat analyst estimates.
This afternoon Intel posted first-quarter EPS of 43 cents, up 32 cents from a year ago and five cents ahead of the Street consensus. Revenue of $10.3 billion, was up 44 percent from last year and exceeds expectations for $9.83 billion.
Gross margins, a certain focal point for investors, was 63 percent, well ahead of the 61.3 percent Street mean.
Looking ahead, the company sees:
- Q2 revenue of $10.2 billion, plus or minus $400 million; analysts were looking for $9.7 billion
