por admin » Jue Abr 26, 2018 3:24 pm
Intel soars 6 percent after earnings beat
Chloe Aiello | @chlobo_ilo
Published 56 Mins Ago Updated 2 Mins Ago
CNBC.com
Following Spectre and Meltdown vulnerabilities that dragged down Intel in the last quarter, shares have made a robust recovery.
Intel is well prepared for the future, having acquired several emerging technology companies in the past few years and preparing to return to graphics card production in the future.
Although Apple announced earlier this month it would begin to produce its own chips by 2020, most investors weren't overly concerned.
Brian Krzanich, chief executive officer of Intel
Patrick T. Fallon | Bloomberg | Getty Images
Brian Krzanich, chief executive officer of Intel
Intel reported quarterly earnings and revenue that beat analysts' expectations on Thursday. Shares jumped 6.2 percent after the announcement.
Here's how the company did compared with what Wall Street expected:
Earnings: 87 cents per share vs. 72 cents per share forecast by Thomson Reuters
Revenue: $16.07 billion vs. $15.08 billion forecast by Thomson Reuters
The company's total revenue for the quarter was up 9 percent year over year.
Intel's biggest segment, the Client Computing Group, brought in $7.4 billion in the first quarter. The second largest segment, the Data Center Group, which grew 20 percent in the fourth quarter of fiscal 2017, brought in $3.9 billion in revenue.
Last quarter, the company faced pressure around its handling of the Meltdown and Spectre security vulnerabilities, which were disclosed in January. Although the issues affected chips made by several companies, the Meltdown issue had an especially large impact on Intel's processors.
Executives acknowledged security issues in its earnings report lastquarter, and announced intentions to release chips with silicon updates to protect against the Meltdown and Spectre issues.
Intel stock pared losses in wake of Spectre and Meltdown, and now analysts look to Intel for strong performance to pull up the semiconductor sector.
Intel is well prepared for the future, having acquired several emerging technology companies in the past few years. More recently, Intel began preparing to return to graphics card production, which would give them a competitive edge against Nvidia in gaming at cryptocurrency mining.
Although Apple announced earlier this month it would begin to produce its own chips for the Mac personal computer by 2020. Most investors weren't overly concerned, as Apple only had 7.3 percent of the PC market share at the end of the fourth quarter.
Intel stock is up about 11 percent since the beginning of the year.
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