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Intel Earnings, Revenue Beat in Q4 -Breaking

by Mike Robinson

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© Reuters. Intel Beats Revenue in Q4

Intel (NASDAQ) – Investing.com reported Wednesday that the fourth quarter beat analyst forecasts with revenue surpassing expectations.

Intel reported earnings per share at $1.09 for revenue $19.53B. Investing.com polled analysts and predicted EPS at $0.9042 for $18.33 billion in revenue.

Intel shares have fallen 0% since the start of the year but are still 24.52% below its 52-week high of $68.48, which was set on April 12, 2021. They are outperforming the S&P 500 which is down 8.77% from the start of the year.

Intel and other Information Technology Sector earnings follow this month

Intel’s latest report is following an earnings beat from Microsoft Tuesday. They reported EPS at $2.48 per share on revenue totaling $51.73B, while forecasts called for EPS of 2.31 per cent on revenue of 50.65B.

Taiwan Semiconductor beat all expectations with fourth quarter earnings per share of $1.16 on $15.85B revenue, as compared to $1.12 forecast on $15.69B revenue.

You can keep up to date on the latest earnings reports at www.investors.com Investing.com’s earnings calendar

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