Intel Updates Full-Year Guidance on Positive Q1 Earnings

Intel has raised its full-year guidance, following impressive Q1 results that topped analyst expectations with $1.39 EPS on a revenue of $19.67, as opposed to forecasts of $1.14 on a revenue of $17.78 billion.

For the full year, the company raised its forecast on EPS to $4.60 on revenue of $77 billion, up from a prior estimate of $4.55 a share on a revenue of $72 billion and EPS of $4.55 a share.

Investors did, however, note the narrowing margins as costs increased - the earnings report showed a gross margin that fell by 5.4% to 55.2%. Intel shares shed almost 1% in after-hours trading. 

*The products advertised are only available to clients under Fondex Limited (SDL No: SD037). Trading CFDs involves significant risk of loss.