Intel Corporation Reports Strong Earnings Results
Microprocessor giant Intel (NASDAQ: INTC) reported strong results after market close on July 27. Excluding the company's Intel Security results (since the company divested of this business), the company says that its revenue was up 14% year over year in the most recent quarter.
Earnings per share, on a GAAP (generally accepted accounting principles) basis, were $0.58; the company says they were "up 22 percent year-over-year driven by strong topline growth and gross margin improvement."
Image source: Intel.
Source: Fool.com
Intel Corp. Stock
€28.45
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With a target price of 42 € there is a positive potential of 47.63% for Intel Corp. compared to the current price of 28.45 €.
