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Intel Corp. (INTC) Is Down After Q1 Report

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Intel Corp. (INTC: Quote) reported first quarter non-GAAP net income of $0.56 per share after the bell Tuesday, down from $0.58 per share last year. The consensus estimate was for EPS of $0.50. Revenues rose to $12.91 billion from $12.85 billion in the prior year. The consensus estimate was for $12.84 billion. Second quarter revenues are expected to be $13.6 billion, plus or minus $500 million. The consensus estimate is for $13.43 billion. The stock is now down 0.80 on 5.9 million shares.

Intel traded in a range for the majority of Tuesday's session and closed up by 0.06 at $28.47 on above average volume. The stock closed challenging the upper end of a one-month range at the highs of the year.

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by RTT Staff Writer

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