Intel Beats Its First Quarter Earnings, Raises Full-year Guidance

Malia Spencer, Biz Journals
Thu, 04/26/2018 - 2:02pm

Chip giant Intel Corp. beat Wall Street expectations for the first quarter reporting earnings per share of 93 cents versus average estimates of 72 cents. The company reported $4.5 billion in quarterly profit, up 50 percent from the year-ago period. Revenue rose 9 percent from the first quarter a year ago, to $16.1 billion. The company also noted that for the first time, nearly half of its revenue came from non-PC business units.

Topics: intel corp wall street quarter earnings company percent revenue cents billion

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Intel Beats Its First Quarter Earnings, Raises Full-year Guidance

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