Intel (INTC) Trades Higher Following Q2 Results, Lower Guidance
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Price: $24.08 +0.17%
Revenue Growth %: -2.3%
Financial Fact:
Diluted earnings per common share (in dollars per share): 0.4
Today's EPS Names:
BORN, EFUT, ZOOM, More
Revenue Growth %: -2.3%
Financial Fact:
Diluted earnings per common share (in dollars per share): 0.4
Today's EPS Names:
BORN, EFUT, ZOOM, More
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Intel Corporation (Nasdaq: INTC) is trading higher despite ho-hum Q2 results and lower FY12 guidance as investors worst fears were not realized.
Intel reported Q2 EPS of $0.54, non-GAAP EPS of $0.57. The analyst estimate was for EPS of $0.52. Revenue for the quarter came in at $13.5 billion versus the consensus estimate of $13.56 billion.
The company sees Q3 sales of $13.8-$14.8 billion. The consensus is $14.6 billion.
For the year, the company sees between 3 percent and 5 percent year over year, down from the prior expectation for high single-digit growth.
Shares last traded at $25.84, up 1.6 percent from the close.
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Intel reported Q2 EPS of $0.54, non-GAAP EPS of $0.57. The analyst estimate was for EPS of $0.52. Revenue for the quarter came in at $13.5 billion versus the consensus estimate of $13.56 billion.
The company sees Q3 sales of $13.8-$14.8 billion. The consensus is $14.6 billion.
For the year, the company sees between 3 percent and 5 percent year over year, down from the prior expectation for high single-digit growth.
Shares last traded at $25.84, up 1.6 percent from the close.
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