Investing.com - Intel (NASDAQ:INTC) reported fourth quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.28 on revenue of $18.66B. Analysts polled by Investing.com expected EPS of $1.22 on revenue of $19.02B. That compared to EPS of $1.08 on revenue of $17.05B in the same period a year earlier. The company had reported EPS of $1.4 on revenue of $19.16B in the previous quarter.
For the year, Intel shares are up 3.88%, under-performing the S&P 500 which is up 7.06% year to date.
Intel follows other major Technology sector earnings this month
On Thursday, January 17, 2019, Taiwan Semiconductor reported fourth quarter EPS of $0.63 on revenue of $9.4B, compared to forecasts of EPS of $0.62 on revenue of $9.36B.
IBM earnings beat analyst's expectations on Tuesday, with fourth quarter EPS of $4.87 on revenue of $21.76B. Investing.com analysts expected EPS of $4.82 on revenue of $21.75B
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