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

Read the rest of this post on the original site