- Chipmaker Intel will report its first quarter earnings on Thursday afternoon.
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Intel is set to report Q1 earnings this afternoon after Thursday's closing bell, its first quarterly report card since Bob Swan took the reins as permanent CEO in January.
It's been a busy period for the chipmaker, and investors are keen for more details on Intel's surprise move to exit the 5G smartphone chip business and about how demand is holding up for data center products amid ongoing economic uncertainty.
Here's what Intel reported for its first quarter of 2019:- EPS (adjusted): $0.87. Wall Street forecasted $0.87.
- Revenue: $16.1 billion. Analysts expected $16.02 billion, roughly flat year-over-year
Last quarter, Intel missed Wall Street's expectations on revenue and earnings, and the stock plunged 8%. Swan, who was the interim CEO at the time, said that trade concerns in China had "intensified."
We'll be updating this post with all the details as soon as the results cross the wire, so refresh your browser or click here for real time updates.
See Also:
- Microsoft briefly becomes a $1 trillion company after reporting earnings that blew away Wall Street estimates
- Atlassian stock dropped 8% a day after it reported earnings, but Wall Street has 'no fear' about its future
- IBM is preparing to close its $34 billion acquisition of Red Hat, but Wall Street has 'real question marks' after its 'mediocre' quarter
