Intel earnings are impressive (as is guidance)

EPS $1.52 versus $1.25 as expected

Intel stock is moving sharply higher in after-hours trading after their earnings and revenues beat expectations.

  • EPS, $1.52 versus $1.25 estimate
  • Revenues $20.2 billion versus estimate $19.22 billion
  • Intel sees 2020 revenues about $73.5 billion versus estimate of $72.21 billion
  • Intel sees 2020 adjusted earnings-per-share of $5 versus estimate of $4.69
  • Intel sees 1st quarter revenue about $19 billion versus estimate of $17.2 billion
  • Intel earnings, forecasts boosted by cloud a data center demand
  • Guidance completely above normal seasonal levels
The stock is currently trading at $67.82 after hours. That is up $4.50 or 7.11%