Inside Intel Corp.’s Strong Third-Quarter Earnings Report
On Oct. 26, Intel (NASDAQ: INTC) announced its third-quarter financial results. Revenue was $16.1 billion, beating the company's guidance by $400 million, and earnings per share (EPS) was $0.94, crushing the $0.72 guidance that the company gave when it reported its financial results for the quarter.
Image source: Intel.
Considering this strength, Intel also raised its full-year financial guidance. Intel had previously guided to revenue of $61.3 billion and earnings per share of $2.66 for the year. Now, Intel expects revenue of $62 billion and earnings per share of $2.93 for the year.
Source: Fool.com
Intel Corp. Stock
€28.32
2.720%
Currently there is a rather positive sentiment for Intel Corp. with 28 Buy predictions and 13 Sell predictions.
As a result the target price of 41 € shows a positive potential of 44.77% compared to the current price of 28.32 € for Intel Corp..
