Intel Meets In Q1 With Revenue Of $12.8B, EPS Of $0.38 On Back Of Recovering PC Market

TechCrunch

Following the closing bell today, Intel reported its first quarter results, including revenue of $12.764 billion, and earnings per share of $0.38. The results roughly match analyst expectations that the company would earn $0.37 per share on top line of $12.81 billion.

It’s worth noting that that $0.37 per share earnings expectation was the lower than at least the company’s last five quarters’ results.

In the sequentially preceding quarter, Intel had seasonally-boosted revenue of $13.83 billion, on earnings per share of $0.51. Like other members of the larger PC ecosystem, Intel benefits from the holiday sales rush.

Intel was essentially flat in regular trading, and is up just under 3% in after-hours trading. All told, the company’s PC division had revenue of $7.9 billion in the period, down 1%, while its Data Center Group had revenue of $3.1 billion, up 11% year-over-year.

Net income for Intel during the quarter totaled $1.9…

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