Investing.com - Intel (NASDAQ:INTC) reported fourth quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.52 on revenue of $20.21B. Analysts polled by Investing.com expected EPS of $1.25 on revenue of $19.2B. That compared to EPS of $1.28 on revenue of $18.66B in the same period a year earlier. The company had reported EPS of $1.42 on revenue of $19.19B in the previous quarter.
For the year, Intel shares are up 5.8%, outperforming the Nasdaq 100 which is up 4.71% year to date.
Intel follows other major Technology sector earnings this month
On Tuesday, IBM reported fourth quarter EPS of $4.71 on revenue of $21.78B, compared to forecasts of EPS of $4.69 on revenue of $21.64B.
Taiwan Semiconductor earnings beat analyst's expectations on Friday, January 17, 2020, with fourth quarter EPS of $0.75 on revenue of $10.6B. Investing.com analysts expected EPS of $0.73 on revenue of $10.5B
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