Investing.com - Intel (NASDAQ:INTC) reported first quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.89 on revenue of $16.06B. Analysts polled by Investing.com forecast EPS of $0.87 on revenue of $16.03B. That compared to EPS of $0.87 on revenue of $16.07B in the same period a year earlier. The company had reported EPS of $1.28 on revenue of $18.66B in the previous quarter.
For the year, Intel shares are up 22.76%, under-performing the Nasdaq 100 which is up 26.11% year to date.
Intel follows other major Technology sector earnings this month
On Wednesday, Microsoft reported third quarter EPS of $1.14 on revenue of $30.57B, compared to forecasts of EPS of $1 on revenue of $29.89B.
Facebook earnings missed analyst's expectations on Wednesday, with first quarter EPS of $0.85 on revenue of $15.08B. Investing.com analysts expected EPS of $1.61 on revenue of $14.97B
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