LONDON, April 28, 2015 /PRNewswire/ --
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Investor-Edge.com has issued free post-earnings briefing on Intel Corp. (NASDAQ: INTC). On April 14, 2015, the company reported its financial results for Q1 FY15 (period ended March 28, 2015). Click on http://get.Investor-Edge.com/pdf/?c=Intel&d=28-Apr-2015&s=INTC to read our free earnings review on Intel Corporation (Intel). During Q1 FY15, the company's operating income improved 4% Y-o-Y. Further, Intel's net income and earnings per share grew 3% Y-o-Y and 8% Y-o-Y, respectively, in the reported quarter. CEO of Intel, Brian Krzanich, said that year-over-year revenues were flat, with double-digit revenue growth in the data center, Internet of Things (IoT) and memory businesses offsetting lower than expected demand for business desktop PCs. These results reinforce the importance of continuing to execute Intel's growth strategy, he added. Our free coverage report can be accessed at:
http://get.Investor-Edge.com/pdf/?c=Intel&d=28-Apr-2015&s=INTC
Earnings Overview
During Q1 FY15, Intel reported a flat revenue growth with net revenues of $12.78 billion compared to $12.76 billion in Q1 FY14. The company's net revenue for Q1 FY15 missed Bloomberg analysts' forecast of $12.83 billion. Unit volumes sales of Intel's Client Computing Group Platform improved 6% Y-o-Y in Q1 FY15, while average selling prices of the platform fell 13% Y-o-Y during the same time period. Furthermore, the company's Q1 FY15 Data Center Group Platform unit volumes sales grew 15% Y-o-Y with 5% Y-o-Y growth in the average selling price. Free research on INTC can be downloaded in PDF format at:
http://get.Investor-Edge.com/pdf/?c=Intel&d=28-Apr-2015&s=INTC
For Q1 FY15, Intel's Data Center Group's revenue improved 19% Y-o-Y to $3.68 billion. In the reported quarter, the company's IoT Group revenue increased 11% Y-o-Y to $533 million. However, in Q1 FY15, Client Computing Group, and Software and services operating segments' revenue fell 8% Y-o-Y and 3% Y-o-Y, respectively, to $7.42 billion and $534 million, respectively.
In Q1 FY15, Intel's gross margin improved by 0.9% to 60.5% from 59.6% in Q1 FY14. The company's Q1 FY15 operating income improved to $2.62 billion from $2.51 billion in Q1 FY14. Further, Intel's net income increased to $1.99 billion, or $0.41 per diluted share, in Q1 FY15, from $1.93 billion, or $0.38 per diluted share, in Q1 FY14. Bloomberg analysts had expected the company to report net income of $1.99 billion, or $0.41 per diluted share, in Q1 FY15. Sign up and read the free analyst's notes on INTC at:
http://get.Investor-Edge.com/pdf/?c=Intel&d=28-Apr-2015&s=INTC
During Q1 FY15, Intel generated approximately $4.4 billion in cash from operations. In the reported quarter, the company paid dividends of $1.14 billion, and used $750 million to repurchase 21 million shares of stock. Further, the company had GAAP cash and cash equivalents of $4.24 billion, as of March 28, 2015.
In its guidance for Q2 FY15, Intel management expects revenue of $13.2 billion, plus or minus $500 million, with gross margin of 62%, plus or minus a couple of percentage points. For FY15, the company's management anticipates revenue growth to be approximately flat with gross margin of 61%, plus or minus a couple of percentage points. Visit Investor-Edge and access the latest research on INTC at:
http://get.Investor-Edge.com/pdf/?c=Intel&d=28-Apr-2015&s=INTC
Stock Performance
On the day following the earnings release, April 15, 2015, Intel's stock surged 4.26% to end the session at $32.83. Since then, the stock has moved both ways. On the last close, Monday, April 27, 2015, it finished at $32.50, up 1.31% for the day. The stock vacillated between $32.08 and $32.69 during the session. A total of 25.86 million shares were traded which was below their three months average volume of 32.20 million shares. Over the previous three trading sessions and past three months, the company's shares have fallen by 0.61% and 4.93%, respectively. However, the stock has gained 1.56% in the last one month. Shares in Intel are trading above their 50-day moving average of $32.32. Furthermore, the stock traded at a PE ratio of 13.72 and has a Relative Strength Index (RSI) of 50.33.
Sneak Peek to Corporate Insider Trading
In the last one month, there were 17 insider transactions made by six individuals. Between April 17, 2015 and April 22, 2015, Senior Vice President and General Manager Sales and Marketing Group at Intel, Gregory R. Pearson, disposed 19,712 shares of the company at a price of $32.34 per share, and for a total value of $637,556. Complimentary in-depth research on INTC is available at:
http://get.Investor-Edge.com/pdf/?c=Intel&d=28-Apr-2015&s=INTC
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