Intel reports first-quarter financials
The numbers are out. Intel Corporation reported $12.8 billion in first-quarter revenue, $2.5 billion in operating income, $1.9 billion in net income, and an EPS (Earnings Per Share) of 38 cents. Thus, Intel's EPS beat analysts' estimates of 37 cents by one penny.
Notably, Intel's PC Client Group reported $7.9 billion in first quarter revenue. This was down 1% year-over-year.
Overall, Intel's CEO sounded upbeat:
"In the first quarter we saw solid growth in the data center, signs of improvement in the PC business, and we shipped 5 million tablet processors, making strong progress on our goal of 40 million tablets for 2014," said Intel CEO Brian Krzanich.
Shares of Intel were trading up in after-hours trading.