The company is optimistic about the future
One of the world's largest chipmakers, Intel posted Q4 2020 earnings that beat the estimates by far.
In the past quarter, the Santa Clara-based company had an EPS of $1.52 on revenues of $20 billion. The market was looking for an EPS of $1.10, and revenues of $17.49 billion. The results were mostly in-line with those reported during the same quarter, 2019: $1.52 earnings per share, on revenues of $20.21 billion.
Most of the revenue was driven by the growth reported on sales of PC chips. In the quarter, sales rose 9% to $10.9 billion.
For the future, Intel expects to earn $1.10 per share and $18.6 billion in revenues. Also, Intel raised its dividends by 5% to $1.39 per share on an annual basis. The company will pay the dividends on March 1.
During the regular trading hours, Intel stock price added 6.46%, but it gave up some of it during the aftermarket session, trading 4.87% lower.
Read about how some of the largest companies in the world have performed in the past quarter here!
Sources: investors.com, finance.yahoo.com