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
