| | | Intel Rises on Q4 Beat, Ups Dividend 10% -- Barron's Blog
DOW JONES & COMPANY, INC. 4:11 PM ET 1/25/2018
Chip giant Intel(INTC) this afternoon reported Q4 revenue and profit that comfortably beat expectations, and raised its dividend by 10%, and forecast revenue this quarter in line with consensus, and profit per share for the full year above expectations, sending its shares higher in late trading.
Revenue in the three months ended in December rose 8%, year over year, to $17.1 billion, yielding EPS of $1.08, excluding some costs.
Analysts had been modeling $16.34 billion in revenue and 87 cents profit per share.
Intel (INTC) will now pay out $1.20 per share per year, it said.
For the current quarter, Intel(INTC) sees revenue of $14.5 billion to $15.5 billion, which is right in line with consensus at the mid-point. Earnings per share are seen in a range of 65 cents to 75 cents, versus consensus for 72 cents.
For the full year, the company sees earnings per share of $3.55, plus or minus 5%, topping consensus for $3.27.
Intel (INTC) stock is up $1, or 2%, at $46.30, in late trading.
More at Barron's Tech Trader Daily blog, barrons.com
[Intel is up to almost $47 at the moment. Let's see if the treat them like they treated LRCX today or MU forever.] |
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