As the earnings season pushed through, American technology company Intel Corporation (NASDAQ:INTC) is scheduled to deliver its fourth-quarter earnings report on Thursday’s market close.
Q3 Recap
During the previous quarter, Intel posted a better-than-expected earnings and revenue report. The company also raised its full-year outlook during its third-quarter earnings call.
For its third quarter, the company posted earnings of $1.01 per share compared to consensus analysts expectations of $0.80 per share. Intel also posted a revenue of $16.15 billion compared to expectations that the company would deliver $15.13 billion in revenue.
Revenue of the company from its data center business was also higher at $4.88 billion versus expectations of $4.79 billion while their client computing revenue was at $8.86 billion versus expectations of $8.68 billion.
Intel also announced an adjusted full-year earnings expectations of $3.25 per share on a revenue of $62 billion which is higher than their previous forecast of $61.3 billion in revenue on earnings of $3 per share. Shares of the company then have risen by 14% on a 52-week intraday high of $41.59.
What To Expect From Q4 Earnings
Intel Corporation whose shares have risen by 11% over the past three months is expected to post an earnings of around $0.86 to $0.89 per share on a revenue of $16.3 billion. This would represent a full-year earnings of $3 per share for Intel’s overall 2017 earnings.
During the past year, the company has stated its intention to transition from a computer-centric company to a data-centric company with its top line growth in the future expected to be derived from its data-centered businesses after the company loses its credibility on its mobile strategy.
The company has previously suffered from issues regarding its firmware needing some patching after it allowed the government and hackers to take over the USB ports of their user PCs. It was also revealed this month that the company’s microprocessors have had the bugs Spectre and Meltdown exist on them for decades already.
Recently, Intel has announced that it is stopping some patches to its broad chip flaws which were discovered this month following evidence that their fixes turned into computer system problems.
Despite these issues, Intel shares are expected to rise following the release of its earnings report due to the stock being noted to have consolidated since November until the beginning of the year. Intel’s stock has surged by 6% just last week in the middle of its security bug issues due to an upbeat outlook from a number of analysts.