Intel Earnings, Revenue Beat in Q1
2022.04.28 23:12
Intel Earnings, Revenue Beat in Q1
Investing.com – Intel (NASDAQ:INTC) reported on Thursday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Intel announced earnings per share of $0.87 on revenue of $18.35B. Analysts polled by Investing.com anticipated EPS of $0.7859 on revenue of $18.33B.
Intel shares are down 9% from the beginning of the year, still down 19.84% from its 52 week high of $58.43 set on April 30, 2021. They are outperforming the Nasdaq 100 which is down 17.55% from the start of the year.
Intel follows other major Information Technology sector earnings this month
Intel’s report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.22 on revenue of $49.36B, compared to forecasts EPS of $2.19 on revenue of $49.01B.
Taiwan Semiconductor had beat expectations on April 14 with first quarter EPS of $1.35 on revenue of $16.94B, compared to forecast for EPS of $1.27 on revenue of $16.73B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
