Intel Soundly Beats Estimates - Analyst Blog
Those who expected strong earnings data from Intel Corp. (INTC) this afternoon -- which is to say practically everybody -- were not disappointed. Intel brought $10.6 billion in revenue (up 13% sequentially) for its fiscal 4th quarter on a whopping record gross margin of 65% and Operating Income up $958 million year over year. Yes, the comparables to INTC's 2008 4th quarter were going to be easy to beat; Intel trounced them.
Intel's 4th quarter EPS was 40 cents per share, soundly beating the Zacks Consensus Estimate of 34 cents. The Zacks EPS had been dipping somewhat over the past quarter, with a third of the analysts covering INTC revising quarterly estimates in the past month -- 6 upwards, 7 downwards. Where most of the revision activity had been was for the 1st quarter 2010, where 13 analysts have increased EPS estimates in the past 30 days.
There, the forecast from Intel is steadily impressive -- expect more good things. Gross margin is estimated to be between 59-63% in Q110, with revenues in the $9.4-10.1 billion range.
The anticipation for Intel numbers had been palpable all day. INTC stock rose 2.48% during regular trading (up 52 cents, to close at $21.48) and shot up another 36 cents per share (1.68%) after hours.
Not too shabby a way for the tech giant to help kick off 4th quarter earnings season.
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