Intel topped fourth quarter expectations

Intel topped fourth quarter expectations

The company is optimistic about the future

One of the world's largest chipmakers, Intel posted Q4 2020 earnings that beat the estimates by far.

In the past quarter, the Santa Clara-based company had an EPS of $1.52 on revenues of $20 billion. The market was looking for an EPS of $1.10, and revenues of $17.49 billion. The results were mostly in-line with those reported during the same quarter, 2019: $1.52 earnings per share, on revenues of $20.21 billion.

Most of the revenue was driven by the growth reported on sales of PC chips. In the quarter, sales rose 9% to $10.9 billion.

For the future, Intel expects to earn $1.10 per share and $18.6 billion in revenues. Also, Intel raised its dividends by 5% to $1.39 per share on an annual basis. The company will pay the dividends on March 1.

During the regular trading hours, Intel stock price added 6.46%, but it gave up some of it during the aftermarket session, trading 4.87% lower.

Read about how some of the largest companies in the world have performed in the past quarter here!

Sources: investors.com, finance.yahoo.com

This information prepared by za.capex.com is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.

This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation or the particular needs of any recipient.

You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.

This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent. Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of za.capex.com

JME Financial Services (Pty) Ltd trading as ZA.CAPEX.COM acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via ZA.CAPEX.COM, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15. Magnasale Trading Ltd is the principal to the CFD purchased by investors.