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Intel Corp  (INTC)
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EARNINGS REPORT by CSIMarket

EPS Growth Accelerates Sharply


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Intel Corp announced second quarter 2017 operating income of $3827 millions, company cut's Sales expectations



Company achieved eps growth of 114.81 % to $0.58 in the second quarter 2017, Sales increased by 9.09 % to $14.76 billions in comparison to $13.53 billions in the prior year quarter.

Compare to previous quarter eps decreased by -4.92 % from $0.61 per share and Sales decreased by -0.22 % from $14.80 billions.
Intel Corp told that it's good performance came from several different businesses, Data Center Group +11.89%, All other +18.61%, while following sections logged decrease in revenues PC Client Group -7.44%, Internet and Things Group -71.51%, Software Services Group -0.36%.

With rising profits in Data Center Group and Software Services Group sections, and oblivious to shrinking profits in PC Client Group and Internet and Things Group segment.
All other segment cut it's deficit to $-621.0 million. Net income of $2,808 millions in the second quarter 2017 increased by 111.13 % from net earnings of $1,330 millions reported in the second quarter 2017 a year ago. Intel Corp also emphasized it's improving profit margins, where net margin rose to 19.02% in second quarter 2017, and operating margin edged up to 25.92%. Intel Corp lowered it's annual revenue forecast by $ -70 millions, now company expects to revenues from $55,241 millions to $55,241 millions.
1All other segments have decreased the loss.

Intel Corp is expected to report next financial results on October 13, 2017.
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