Investing.com - Intel (NASDAQ:INTC) announced fourth quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The company reported earnings per share of $1.52 on revenue of $20.21B. Analysts polled by Investing.com forecast EPS of $1.25 on revenue of $19.2B. That compared to EPS of $1.28 on revenue of $18.66B in the same quarter a year earlier. Intel had announced EPS of $1.42 on revenue of $19.19B in the previous quarter.
Analysts are expecting EPS of $1.03 and revenue of $17.2B in the next quarter.
Intel share's are up 5.8% for the year to date , down-from-52-week-high.
Intel follows other major Technology sector earnings this month
On Tuesday, IBM announced fourth quarter EPS of $4.71 on revenue of $21.78B, was in comparison with a forecasts for EPS of $4.69 on revenue of $21.64B.
Taiwan Semiconductor earnings beat analysts' expectations on Friday, January 17, 2020, with fourth quarter EPS of $0.75 on revenue of $10.6B. Investing.com analysts forecast EPS of $0.73 on revenue of $10.5B
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