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Intel shares soar 20% on earnings beat and stronger-than-expected outlook [Yahoo! Finance]
Last intel corporation earnings: 4/23 04:07 pm
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US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
According to the financial disclosure, Intel surpassed analyst predictions for both revenue and earnings. Revenue came in at $13.58 billion (€11.6bn) against a $12.3 billion (€10.5bn) estimate, a 7.2% rise year-on-year, while adjusted earnings per share clocked $0.29 against a $0.01 estimate that many analysts had anticipated. The firm also provided evidence that its strategy to integrate advanced AI capabilities across its product range is yielding results and strengthening the outlook. The core of Intel's financial recovery was found in its Data Centre and AI (DCAI) division, which delivered results that far outpaced Wall Street estimates. The DCAI segment generated $5.05 billion (€4.2bn) in revenue for the quarter, representing a 22.4% increase compared to the same period last year. This figure was notably higher than the $4.41 billion (€3.77bn) that analysts had projected. The figures confirmed that its Xeon 6 processors and Gaudi 3 AI accelerators have gained significa
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