Intel Reports “Best First Quarter Ever”
Blowout quarter from Intel (INTC). Revenues of $10.3 billion compared to analyst estimates for $9.8 billion. EPS of 43 cents compared to analyst estimates of 38 cents. Last year’s first quarter had revenues of $7.15 billion and EPS of 11 cents. CEO Paul Otellini called it “Intel’s best first quarter ever”.
Disclosure: Top Gun is long Intel puts.