Intel Q4 2023 Adj EPS $0.54 Beats $0.45 Estimate
Portfolio Pulse from Benzinga Newsdesk
Intel (NASDAQ:INTC) reported Q4 2023 earnings of $0.54 per share, surpassing the consensus estimate of $0.45 by 20%. Quarterly sales were $15.40 billion, exceeding estimates of $15.16 billion by 1.61% and marking a 9.67% increase from the same period last year.
January 25, 2024 | 9:01 pm
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Intel's Q4 2023 earnings and sales exceeded analyst expectations, indicating a strong performance that could positively influence investor sentiment.
Intel's reported earnings and sales not only beat analyst estimates but also showed significant year-over-year growth. This positive earnings surprise is likely to instill confidence in investors and could lead to a short-term uptick in Intel's stock price as the market reacts to the strong financial performance.
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