from24/7 Wall St.
4 days agoCan Intel Live up to the Hype This Year and Shoot Through $100?
Investors rewarded prematurely heading into earnings on January 22, but it ended up being a disappointment. Revenue and EPS both beat consensus, but it wasn't enough to lift the mood. Revenue came in at $13.67 billion vs. the $13.39 consensus. Non-GAAP EPS came in at $0.15 vs. the $0.08 consensus. What disappointed the market was the Q1 guidance, with Intel expecting $11.7-12.7 billion. The midpoint of $12.2 billion came in below $12.53 billion expected.
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