Intel Corporation INTC shares are trading higher by 5.96% to $31.64 Friday morning after the company reported better-than-expected first-quarter EPS and sales results and issued guidance.
The company also received a number of analyst rating updates following the earnings print.
What Happened?
Intel reported first-quarter revenue of $11.7 billion, which was down 36% year-over-year. The revenue total beat a Street consensus estimate of $11.04 billion.
The company reported a loss of 4 cents per share in the first quarter, beating a Street estimate of a loss of 15 cents per share...Read More
According to data from Benzinga Pro, INTC has a 52-week high of $54.08 and a 52-week low of $24.59.
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