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Free Research Report as Intel Reported Record Quarterly Revenues; Adjusted EPS Soared 37%

Stock Monitor: GSI Technology Post Earnings Reporting

LONDON, UK / ACCESSWIRE / January 31, 2018 / Active-Investors.com has just released a free earnings report on Intel Corp. (NASDAQ: INTC). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=INTC. The Company reported its fourth quarter fiscal 2017 and full fiscal year 2017 operating and financial results on January 25, 2018. The world’s largest chipmaker outperformed top- and bottom-line expectations, and raised its dividend by 10%. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for GSI Technology, Inc. (NASDAQ: GSIT), which also belongs to the Technology sector as the Company Intel. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=GSIT

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Intel most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=INTC

Earnings Highlights and Summary

For Q4 2017, Intel generated a record fourth-quarter revenue of $17.1 billion, up 4% compared to $16.4 billion in Q4 2016. Excluding McAfee, the Company’s reported quarter revenue grew 8% on a y-o-y basis, and topped analysts’ estimates of $16.31 billion.

For FY17, Intel posted a record full-year revenue of $62.8 billion, reflecting a growth of 6% compared to $59.4 billion in FY16. Excluding McAfee, the Company’s full-year revenue grew 9% on a y-o-y basis.

During Q4 2017, Intel’s operating results reflected an income tax expense of $5.4 billion as a result of the US corporate tax reform enacted in December 2017, including a one-time required transition tax on the Company’s previously untaxed foreign earnings, which was partially offset by the re-measurement of deferred taxes using the new US statutory tax rate. Intel is forecasting a tax rate of 14% for FY18.

For Q4 2017, Intel reported a GAAP net loss of $0.7 billion, or $0.15 loss per diluted share, compared to a GAAP net income of $3.6 billion, or $0.73 per diluted share, in Q4 2016. On a non-GAAP basis, the Company posted earnings of $5.2 billion, or $1.08 per share, up 34% and 37% on a y-o-y basis, respectively. Intel’s earnings smashed past Wall Street’s expectations of $0.86 per share.

For FY17, Intel posted a GAAP net income of $9.6 billion, or $1.99 per diluted share, compared to a GAAP net income of $10.3 billion, or $2.12 per diluted share, in FY16. On a non-GAAP basis, the Company posted earnings of $16.8 billion, or $3.46 per share, compared to $13.2 billion, or $2.72 per share, in FY16.

Segment Results

During Q4 2017, Intel reported strong performance from data-centric businesses, comprised of Programmable Solutions Group (PSG) and Non-Volatile Memory Solutions Group (NSG), which accounted for 47% of the Company’s revenue in the reported quarter, an all-time high. In the reported quarter, the Company’s Data Center Group (DCG), Internet of Things Group (IOTG), and PSG achieved record quarterly revenues.

For Q4 2017, Intel’s Client Computing Group (CCG) reported revenues of $9.0 billion, down 2% on a y-o-y basis. The segment shipped a record volume of Intel® Core™ i7 processors, launched the new 8th Gen Intel® Core™ processor with Radeon™ RX Vega M Graphics, and announced an expanding line-up of LTE and 5G multi-mode modems. The Company’s DCG’s revenues surged 20% to $5.6 billion on a y-o-y basis, while IOTG reported revenues of $879 million, reflecting a growth of 21% compared to the year ago same period.

During Q4 2017, Intel’s NSG’s revenue advanced 9% to $889 million on a y-o-y basis. In the reported quarter, NSG launched the new Intel® Optane™ SSD DC P4800X Series for the data center. The Company’s PSG’s revenue soared 35% to $568 million on a y-o-y basis.

Cash Matters

In 2017, Intel generated a record $22 billion cash from operations, and returned nearly $9 billion to shareholders.

The Company also announced that its Board of Directors has approved an increase in its cash dividend to $1.20 per share on an annual basis, reflecting a 10% increase. The Board declared a quarterly dividend of $0.30 per share on Intel’s common stock, which will be payable on March 01, 2018, to shareholders of record as on February 07, 2018.

Outlook

For the first quarter of the fiscal year 2018, Intel is forecasting revenues of $15.0 billion, plus or minus $500 million. The Company is estimating GAAP earnings of $0.65 and non-GAAP earnings of $0.70, both plus or minus $0.05 per share.

For the full fiscal year 2018, Intel is projecting revenues in the range of $64 billion to $66 billion, while the Company is anticipating GAAP earnings of $3.30 per share and non-GAAP earnings of $4.55 per share, both plus or minus 5%.

Stock Performance Snapshot

January 30, 2018 – At Tuesday’s closing bell, Intel’s stock dropped 2.38%, ending the trading session at $48.79.

Volume traded for the day: 32.63 million shares.

Stock performance in the last month – up 5.56%; previous three-month period – up 9.89%; past twelve-month period – up 30.38%; and year-to-date – up 5.70%

After yesterday’s close, Intel’s market cap was at $228.48 billion.

Price to Earnings (P/E) ratio was at 17.10.

The stock has a dividend yield of 2.23%.

The stock is part of the Technology sector, categorized under the Semiconductor – Broad Line industry.

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