Intel Corporation (NASDAQ:INTC) integrated digital technology giant, is reporting third quarter earnings results on Thursday 22nd October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 1.10 per share.
For the full year, analysts predict revenues of $ 75130.60 million, while looking forward to income of $ 4.85 per share.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 1.10 ~ $ 1.10 per share, while revenues are expected in a range of $ 18,200.00 million ~ $ 18,200.00 million
Full Year 2020 topline are forecasted in a range of$ 75,000.00 million ~ $ 75,000.00 million, where as bottomline are predicted in a range of $ 4.85 ~ $ 4.85 per share
Click Here For More Historical Outlooks Of Intel Corporation
Previous Quarter Performance
Intel Corporation unwinded income for the second quarter of $ 1.23 per share, from the revenue of $ 19,728.00 million. The quarterly earnings grew 16.04 percent while revenues gained 19.53 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.11 per share from $ 18554.00 million in revenue. The bottom line results beat street analysts by $ 0.12 or 10.81 percent, at the same time, top line results outshined analysts by $ 1,174.00 million or 6.33 percent.
Stock Performance
Shares of Intel Corporation traded up $ 0.07 or 0.13 percent on Wednesday, reaching $ 53.50 with volume of 21.01 million shares. Intel Corporation has traded high as $ 54.07 and has cracked $ 52.82 on the downward trend
The closing price of $ 53.50, representing a 22.46 % increase from the 52 week low of $ 43.63 and a 22.89 % decrease over the 52 week high of $ 69.29.
The company has a market capital of $ 227.54 billion and is part of the Technology sector and Semiconductors industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by UBS Group at Buy rating, with $ 67.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.33 per share on July 16, 2020. The dividend were payable on September 1, 2020 to holders of record as of the close of business on August 7, 2020 and ex-dividend date on August 6, 2020.
Conference Call
Intel Corporation will be hosting a conference call at 5:00 PM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.intel.com
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
