Intel Corporation Reports Strong Earnings Results
Microprocessor giant Intel (NASDAQ: INTC) reported strong results after market close on July 27. Excluding the company's Intel Security results (since the company divested of this business), the company says that its revenue was up 14% year over year in the most recent quarter.
Earnings per share, on a GAAP (generally accepted accounting principles) basis, were $0.58; the company says they were "up 22 percent year-over-year driven by strong topline growth and gross margin improvement."
Image source: Intel.
Source: Fool.com
Intel Corp. Stock
€17.74
1.450%
Currently there is a rather positive sentiment for Intel Corp. with 27 Buy predictions and 14 Sell predictions.
Based on the current price of 17.74 € the target price of 38 € shows a potential of 114.18% for Intel Corp. which would more than double the current price.
