Intel: raises FY targets
(CercleFinance.com) - Intel now expects FY 2019 adjusted EPS of around 4.
40 dollars, against 4.35 dollars previously, and revenues of about 69.5 billion dollars, i.e. 500 million dollars more than the forecast provided in April.
On Thursday evening, the group posted Q2 adjusted (non-GAAP) net income that is down 3% at 4.8 billion dollars, although EPS is up 2% at 1.06 dollar, 17 cents above the consensus.
The microprocessor giant saw its gross margin fall by 1.4 point to 61.6% for revenues that are down 3% at 16.5 billion dollars, with its PC business posting a gain of 1%, while its data business posted a 7% drop.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
40 dollars, against 4.35 dollars previously, and revenues of about 69.5 billion dollars, i.e. 500 million dollars more than the forecast provided in April.
On Thursday evening, the group posted Q2 adjusted (non-GAAP) net income that is down 3% at 4.8 billion dollars, although EPS is up 2% at 1.06 dollar, 17 cents above the consensus.
The microprocessor giant saw its gross margin fall by 1.4 point to 61.6% for revenues that are down 3% at 16.5 billion dollars, with its PC business posting a gain of 1%, while its data business posted a 7% drop.
Copyright (c) 2019 CercleFinance.com. All rights reserved.