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Intel Reports Better Than Expected Q4

By John F. Heerdink, Jr.

Intel Corporation (INTC) seeks to expand the boundaries of technology to provide the most amazing experience possible while designing, manufacturing, and selling integrated digital technology globally.

Intel recently reported Q4 2019 earnings exceeding analysts’ expectations.

George Davis, Intel’s finance chief stated, “We are also planning for an increasingly competitive environment as we move through the year. As a result of these dynamics, we expect total revenue to be more front-end loaded in the first half then we have seen historically.”

Earning Highlights:

  • EPS of $1.52 per share was reported versus $1.25 per share as expected by analysts, according to Refinitiv data.
  • Revenue of $20.21 billion was reported, vs. $19.23 billion as expected by analysts.
  • The Client Computing Group, Intel’s largest operating segment posted $10.01 billion in revenue, up about 2% year over year and exceeding the $9.74 billion estimate polled by FactSet.
  • Company’s Data Center Group making chips for computer servers, was up about 19% at $7.21 billion, more than the $6.40 billion FactSet analyst consensus.
  • Intel’s Non-Volatile Memory Solutions Group offering memory and storage products showed $1.22 billion in revenue, below the $1.28 billion FactSet consensus.
  • The Internet of Things Group generated $1.16 billion in revenue.
  • Intel is forecasting first-quarter earnings of $1.30 per share, and revenue of $19 billion, depicting18% growth exceeding analysts expectation with $1.04 in earnings per share, excluding certain items, and $17.19 billion in revenue.

To learn more about Intel Corporation (INTC) and to track its progress please visit the Vista Partners Intel Corporation Coverage Page.

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(Read Original Story: Intel’s stock jumps 7% on better-than-expected earnings and revenue in CNBC)


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