Intel Updates Full-Year Guidance on Positive Q1 Earnings
Intel has raised its full-year guidance, following impressive Q1 results that topped analyst expectations with $1.39 EPS on a revenue of $19.67, as opposed to forecasts of $1.14 on a revenue of $17.78 billion.
For the full year, the company raised its forecast on EPS to $4.60 on revenue of $77 billion, up from a prior estimate of $4.55 a share on a revenue of $72 billion and EPS of $4.55 a share.
Investors did, however, note the narrowing margins as costs increased - the earnings report showed a gross margin that fell by 5.4% to 55.2%. Intel shares shed almost 1% in after-hours trading.
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