Intel Corporation (NASDAQ: INTC) released earnings after hours yesterday. The giant chip manufacturer posted 52 cents per share earnings - a 2 cent earnings beat, smashing Wall Street estimates. Intel said that the quarter was helped by corporate demand and emerging markets. Revenue jumped to $11.1 billion, way above analyst hopes for $10.99 billion. Intel guided upwards, forecasting revenues between $11 and $11.8 billion.
Intel (INTC) shares rose 15 cents after hours. The stock trades at 10.6 times earnings making it highly attractive. The rosy outlook should draw in investors looking to pay a low price for solid growth.
No comments:
Post a Comment