The microprocessor giant night delivered the most eye-opening report of the current earnings season, smashing expectations for both last quarter’s results and forecasts for the current one, driven in particular by strong demand for processors used in data-center computers. Revenues in the December quarter were $20.2 billion, up 8% from a year ago, and a full $1 billion ahead of Wall Street estimates. For the full year, Intel sees revenue of $73.5 billion and profits of $5 a share; the Street had been estimating $72.3 billion and $4.68 a share. Read More...
The microprocessor giant night delivered the most eye-opening report of the current earnings season, smashing expectations for both last quarter’s results and forecasts for the current one, driven in particular by strong demand for processors used in data-center computers. Revenues in the December quarter were $20.2 billion, up 8% from a year ago, and a full $1 billion ahead of Wall Street estimates. For the full year, Intel sees revenue of $73.5 billion and profits of $5 a share; the Street had been estimating $72.3 billion and $4.68 a share.
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