Intel reported its first-quarter financial performance today following the bell, including revenue of $12.8 billion, and per-share profit of $0.41. The street had expected $12.9 billion in revenue, and $0.41 in per-share profit. Intel is up around 3 percent in after-hours trading.
The company expects to generate $13.2 billion in the second quarter leading to a gross margin of 62 percent and a tax rate of around 20 percent. Those figures are improvements on the company’s most recent quarter, when it had a gross margin of 60.5 percent and a tax rate of a far steeper 25.5 percent.
Given those upward corrections, Intel could be working toward stronger per-share profit in the period. The street expects Intel to generate $0.48 in profit per share on $13.51 billion in revenue in the quarter.
[tc_writerquote align= »left »]Intel has long been a functional bellwether for the PC market.[/tc_writerquote]
Intel missed on revenue in its…
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