Intel (INTC) reported 1st Quarter March 2019 earnings of $0.89 per share on revenue of $16.1 billion. The consensus earnings estimate was $0.87 per share on revenue of $16.0 billion. The Earnings Whisper number was $0.90 per share. Revenue fell 0.0% compared to the same quarter a year ago.
The company said it expects second quarter earnings of approximately $0.89 per share on revenue of approximately $15.0 billion. The current consensus earnings estimate is $1.01 per share on revenue of $16.81 billion for the quarter ending June 30, 2019. The company said it expects 2019 earnings of approximately $4.35 per share on revenue of approximately $69.0 billion. The company's previous guidance was earnings of approximately $4.60 per share on revenue of approximately $71.5 billion and the current consensus earnings estimate is $4.51 per share on revenue of $70.77 billion for the year ending December 31, 2019.
Intel Corporation is a semiconductor chip maker. It develops integrated digital technology products like integrated circuits, for industries such as computing and communications.
Intel Reports First-Quarter 2019 Financial Results
SANTA CLARA, Calif., April 25, 2019 -- Intel Corporation today reported first-quarter 2019 financial results.
"Results for the first quarter were slightly higher than our January expectations. We shipped a strong mix of highperformance products and continued spending discipline while ramping 10nm and managing a challenging NAND
pricing environment. Looking ahead, we're taking a more cautious view of the year, although we expect market
conditions to improve in the second half," said Bob Swan, Intel CEO. "Our team is focused on expanding our
market opportunity, accelerating our innovation and improving execution while evolving our culture. We aim to
capitalize on key technology inflections that set us up to play a larger role in our customers’ success, while
improving returns for our owners."
- • First-quarter revenue was $16.1 billion, flat year-over-year (YoY); data-centric revenue declined 5 percent and
PC-centric revenue grew 4 percent.
- • First-quarter GAAP earnings-per-share (EPS) of $0.87 declined 6 percent YoY; non-GAAP EPS of $0.89 was
up 2 percent.
- • Expecting second-quarter revenue of $15.6 billion; second-quarter GAAP EPS of $0.83 and non-GAAP EPS of
- • Expecting full-year revenue of $69.0 billion, full-year GAAP EPS of $4.14 and non-GAAP EPS of $4.35; down
from January guidance.
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