Looking Ahead Of Wall Street: INTC, SNDK, GE
TipRanks | Apr 13, 2015 09:47AM ET
Earnings season is in full swing and many big players are posting their financial results this week. What should investors look for in the following three big players’ earnings reports?
Intel Corp (NASDAQ:INTC):
Intel is slated to announce its first quarter 2015 earnings results on Tuesday, April 14th after market close. Analysts expect the company to post earnings of $0.41 a share and $12.90 billion in revenue, up from $0.38 a share and $12.8 billion in revenue the same quarter a year prior.
On March 12, Intel cut its first quarter revenue outlook by almost $1 billion from $13.7 billion to $12.8 billion. Intel supplies chips for PCs and the outlook decrease represents a weakening demand in the market. Intel has felt the heat as consumers have shifted from PCs to smartphones.
The company is also changing the way it presents its operating segments by combining its PC Client and Mobile and Communications groups to form the Client Computing Group.
While Intel has prevailed in the PC market, its mobile department has been losing money. Management is expected to give an update on how they plan to boost mobile sales.
In other Intel news, the chip maker has been banned from selling chips to four Chinese supercomputer centers due to the U.S Government’s conclusion that they are being used for “nuclear explosive activities” and were “acting contrary to the national security… interests of the United States.”
On average, the top analyst consensus for Intel on TipRanks today!
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