intel Archives - Financial Occultist

Stocks trading modestly higher in premarket activity

In premarket trading the major indices have turned back to the upside after earlier declines. The gains are limited however.

This week the earnings calendar really heats up after the financials started the process last week. Below is a look at some of the major releases this week:

Monday, July 20

IBM
Phillips

Tuesday, July 21

Coca-Cola
Snap
United Airlines
Lockheed Martin
Texas Instruments

Wednesday, July 22

Microsoft
Tesla
Chipotle
Whirlpool
Biogen

Thursday, July 23

Intel
American Airlines
AT&T
Travelers
Hershey

Friday, July 24

American Express
Honeywell
Verizon
Schlumberger

Intel earnings are impressive (as is guidance)

24-Jan-20 05:56 am

Anirudh Sethi

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%