Intel (INTC) Reports Q4 Beat, Shares Down 2% on Guidance Miss

Intel Corporation (NASDAQ: INTC) shares were trading more than 2% lower after-hours following the company’s Q4 results. While the company delivered the best quarterly and full-year revenue in its history, Q1/22 guidance missed the expectations.

The company’s quarterly EPS came in at $1.09, better than the Street estimate of $0.90. Revenue grew 3% year-over-year to $20.5 billion, beating the consensus estimate of $18.32 billion.

The company expects Q1/22 EPS of $0.80, compared to the consensus estimate of $0.86, and revenue of $18.3 billion, compared to the consensus estimate of $17.62 billion.

The company’s board of directors approved a cash dividend increase of 5% to $1.46 per share on an annual basis.

You May Also Be Interested In

• Intel (INTC) PT Raised to $135 at Mizuho
• Greenstone Biosciences and Intel team up on AI drug discovery
• Varonis Said To Weigh Sale After Takeover Interest - Bloomberg