Intel Beats Q1 Earnings Estimates; Revenue Misses (INTC)

After the closing bell on Tuesday, Intel Corp (INTC) reported its first quarter earnings results.

INTC’s Earnings in Brief

INTC reported Q1 earnings of $1.95 billion, or 38 cents per share, down from $2.05 billion, or 40 cents per share, a year ago. Revenue rose to $12.8 billion from $12.58 billion reported last year. On average, analysts expected to see earnings of 37 cents per share and revenue of $12.81 billion. For Q2, INTC expects revenues of $13 billion, versus the expected $12.94 billion. In FY2014, the company expects to see revenue remain approximately flat.

CEO Commentary

Brian Krzanich, CEO of Intel, commented: “In the first quarter we saw solid growth in the data center, signs of improvement in the PC business, and we shipped 5 million tablet processors, making strong progress on our goal of 40 million tablets for 2014. Additionally, we demonstrated our further commitment to grow in the enterprise with a strategic technology and business collaboration with Cloudera, we introduced our second-generation LTE platform with CAT6 and other advanced features, and we shipped our first Quark products for the Internet of Things.”

INTC’s Dividend

INTC will pay its next quarterly dividend of $0.225 on June 1 to shareholders of record on May 7. The stock goes ex-dividend May 5. The company last raised its dividend in 2013 by 3.4%.

Stock Performance 

Intel shares rose 0.79% during Tuesday’s session. The stock is up 2.99% year-to-date.

INTC Dividend Snapshot

As of Market Close on April 15, 2014

Click here to see the complete history of INTC dividends.