Intel (INTC) Tops Q1 EPS by 2c; Guides Below Views

Intel (NASDAQ: INTC) reported Q1 EPS of $0.89, $0.02 better than the analyst estimate of $0.87. Revenue for the quarter came in at $16.1 billion versus the consensus estimate of $16.02 billion.

"Results for the first quarter were slightly higher than our January expectations. We shipped a strong mix of highperformance products and continued spending discipline while ramping 10nm and managing a challenging NAND pricing environment. Looking ahead, we're taking a more cautious view of the year, although we expect market conditions to improve in the second half," said Bob Swan, Intel CEO. "Our team is focused on expanding our market opportunity, accelerating our innovation and improving execution while evolving our culture. We aim to capitalize on key technology inflections that set us up to play a larger role in our customers’ success, while improving returns for our owners."

GUIDANCE:

Sees Q2 revenue of $15.6 billion and EPS of $0.89, versus the consensus of $16.85 billion and $1.01.

Sees FY revenue of $~69 billion and EPS of ~4.35, versus the consensus of $71.05 billion and $4.51.

For earnings history and earnings-related data on Intel (INTC) click here.

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