Shares of Intel(INTC Quote) were up $1.22, or 5.8%, to $22.13 following the company's first-quarter earnings report and upbeat earnings outlook. Intel posted a profit of $1.4 billion, or 25 cents a share, vs. $1.63 billion, or 28 cents a share, a year ago. Analysts were looking for EPS of 25 cents. Revenue for the quarter was $9.67 billion slightly above analysts' expectations of $9.63 billion.
Intel said gross margin in the current quarter is expected to be 56%, plus or minus a couple of points, and stayed firm on its previous guidance of 57% margins for the full year. Sales in the current quarter will range from $9 billion to $9.6 billion, the company said, and will be in-line with Street consensus of $9.25 billion in revenue.
JPMorgan Chase(JPM Quote) beat analysts' expectations despite a 50% drop in quarterly profits. ...
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