Here come Intel earnings
Intel is slated to report its fourth quarter results on Thursday.
The chip-making giant is expected to easily top its results from the same period a year earlier, when changes to tax law weighed down its bottom line.Here's what Wall Street is expecting and how its prognostications compare to the company's year-prior results:
- Q4 '18 revenue: $19.01 billion. In the fourth quarter of 2017, the company posted $17.05 billion in sales.
- Q4 '18 earnings per share: $1.17. In the same period a year earlier, Intel lost 15 cents a share.
- Q1 '19 revenue: $17.34 billion. The company saw $16.07 billion in the same quarter a year ago.
- Q1 '19 EPS: 96 cents. In the first quarter last year, it earned 93 cents a share.
The report comes as Intel is still searching for a permanent CEO. The company's former head, Brian Krzanich, resigned in June after Intel discovered that he'd had a relationship with a company employee, in violation of its policies. Since Krzanich's resignation, Bob Swan, the company's chief financial officer, has been serving as its interim CEO.
In midday trading prior to Intel's report, its stock was up $1.83, or 3.9%, to $49.77.
Get the latest Intel stock price here.