Intel stock jumps 7% with big revenue beat in earnings
Apr 27, 2018, 01:52 IST
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Intel shares spiked 7% on Thursday as Wall Street caught wind of a major beat across the board in the company's first quarter earnings.
Here's what Intel reported:
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- Revenue (GAAP) for the quarter was $16.1 billion, up 9% from the year before. Analysts expected $15.05 billion.
- Earnings per share (adjusted) for the quarter were $0.87, up 32% from the year before. Analysts expected $0.72.
- 2018 revenue guidance (GAAP) for the year is $67.5 billion. Analysts expected $65.06 billion.
- 2018 earnings per share guidance (adjusted) for the year is $3.85. Analysts expected $3.56.
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