Intel (NASDAQ) – Investing.com reported Thursday that the first quarter beat analyst forecasts, and that revenue exceeded expectations.

Intel reported earnings per share at $0.87 on $18.35B in revenue. Investing.com polled analyst to predict EPS of $0.7859 based on $18.33B in revenue.

Intel shares fell 9% over the first year. However, they are still 19.84% below its 52 week peak of $58.43 on April 30, 2021. They outperform the, which has fallen 17.55% since the beginning of the year.

Intel is following other important earnings in the Information Technology sector this month

Intel’s earnings report comes after Microsoft beats Microsoft in Tuesday’s earnings. Microsoft reported EPS at $2.22 per share on $49.36B revenue, while forecasts called for EPS at $2.19 on $49.01B revenue.

Taiwan Semiconductor beat all expectations with its first quarter earnings per share of $1.35. This was compared to $1.27 for $16.73B revenue.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar