Investing.com - Intel (NASDAQ:INTC) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.06 on revenue of $16.51B. Analysts polled by Investing.com anticipated EPS of $0.89 on revenue of $15.67B. That compared to EPS of $1.04 on revenue of $16.96B in the same period a year earlier. The company had reported EPS of $0.89 on revenue of $16.06B in the previous quarter.
Intel shares gained 7.04% to trade at $55.83 in after-hours trade following the report.
Intel shares gained 7.04% to trade at $55.83 in after-hours trade following the report.
For the year, Intel shares are up 11.14%, under-performing the S&P Global (NYSE:SPGI) 100 which is up 16.27% year to date.
Intel follows other major Technology sector earnings this month
On Thursday, July 18, 2019, Microsoft reported fourth quarter EPS of $1.37 on revenue of $33.72B, compared to forecasts of EPS of $1.21 on revenue of $32.77B.
Alphabet C earnings beat analyst's expectations on Thursday, with second quarter EPS of $14.21 on revenue of $38.94B. Investing.com analysts expected EPS of $11.1 on revenue of $38.16B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar