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Thursday, January 25, 2018

=Intel (INTC) reported earnings on Thur 25 Jan 2018 (a/h)

Intel beats by $0.21, beats on revs; guides Q1 in-line; raises quarterly dividend 10% 
  • Reports Q4 (Dec) earnings of $1.08 per share, $0.21 better than the Capital IQ Consensus of $0.87; revenues rose 4.1% year/year to $17.05 bln vs the $16.34 bln Capital IQ Consensus. Excluding McAfee, fourth-quarter revenue grew 8 percent year-over-year with data-centric revenue up 21%. Intel saw strong performance from data-centric businesses, which accounted for 47% of Intel's fourth-quarter revenue, an all-time high. The Data Center Group (DCG), Internet of Things Group (IOTG) and Programmable Solutions Group (PSG) all achieved record quarterly revenue. Intel's Client Computing Group (CCG) shipped a record volume of Intel Core i7 processors.
  • "The fourth quarter was an outstanding finish to another record year. Compared to the expectations we set, our revenue was stronger, our operating margins were higher, and our spending was lower," said Bob Swan, Intel CFO. "Intel's PC-centric business continued to execute well in a declining market while the growth of our data-centric businesses shows Intel's transformation is on track."
  • Co issues in-line guidance for Q1, sees EPS of $0.65-0.75, excluding non-recurring items, vs. $0.72 Capital IQ Consensus Estimate; sees Q1 revs of $14.5-15.5 bln vs. $15.03 bln Capital IQ Consensus Estimate.
  • Raises quarterly dividend 10% to $0.30; yield 2.6%.
Intel guides FY18 above consensus 
Sees FY18 adj. EPS $3.55 vs $3.28 Capital IQ Consensus; sees revs $65.00 bln vs $63.89 bln Capital IQ Consensus; gross margins down 2-2.5% on growth of adjacent businesses & 10nm ramp, operating margin down 1% to 30%; Spending down 1-1.5%; FCF $13 bln

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