Computer processor maker Intel (NASDAQ: INTC) will be reporting results tomorrow afternoon. Here’s what to look for.
Intel beat analysts’ revenue expectations by 3.3% last quarter, reporting revenues of $14.26 billion, down 7.4% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.
Is Intel a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Intel’s revenue to decline 3% year on year to $12.34 billion, a reversal from the 8.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Intel has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Intel’s peers in the semiconductors segment, only Micron has reported results so far. It beat analysts’ revenue estimates by 1.9%, delivering year-on-year sales growth of 38.3%. The stock was down 7.9% on the results.
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