Intel Lifts Full-Year Guidance After Earnings, Revenue Beat in Q1 By Investing.com

By Yasin Ebrahim

Intel (NASDAQ:INTC) reported on Thursday first quarter results that topped expectations, and the chip maker raised its full-year guidance, citing strong demand.

Intel was down nearly 1% in after-hours trading.

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

Intel announced earnings per share of $1.39 on revenue of $19.67 billion. Analysts polled by Investing.com anticipated EPS of $1.14 on revenue of $17.78 billion.

The beat on the bottom line comes despite narrowing margins as costs increased.

Gross margin fell by 5.4% to 55.2%

The company guided second quarter EPS of $1.05 on revenue of $18.9 billion, compared with Wall Street estimates for earnings of $1.00 on revenue of $17.54 billion.

Danaher had beat expectations on Thursday with first quarter EPS of $2.52 on revenue of $6.86 billion, compared to forecast for EPS of $1.74 on revenue of $6.26 billion.

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