Boston, MA 10/10/2014 (wallstreetpr) – Intel Corporation (NASDAQ:INTC) has delivered earnings better than the Wall Street analysts’ expectations in the first two quarters of the current calendar year. Will it surprise investors’ with another quarter of bountiful earnings for the third time in a row? The expectations are already running after the company said it was witnessing a better demand from business PC segment in the second quarter.
The Intel Corporation (NASDAQ:INTC) is scheduled to release its financial results for the third quarter on October 14 after the market closes. The company would also hold a conference call on the same day at 2.00 PM Pacific Time.
Growth Areas
While releasing the second quarter results, Intel indicated that it gained from the extension of its technology to PCs and the Internet of Things from the data center. The trend is likely to continue in the third quarter too.
Importantly, its PC Client Group revenue is predicted to witness uptick both sequentially, as well as, year-on-year. Similarly, the company would likely to continue its strength in Data Center Group revenue and the Internet of Things Group. However, its Mobile and Communications Group would face downtick pressure if the trend of the second quarter continued.
Expectations Running High
At the time of second quarter financial results announcement, the Intel Corporation (NASDAQ:INTC) indicated it was looking to achieve revenue of $14.4 billion with $500 million plus or minus in the third quarter. The also projected gross margin of 66% with a couple of percentage points plus or minus
On average, Wall Street analysts’ are expecting the chip maker to deliver earnings of 64 cents a share on revenues of $14.41 billion for the third quarter. This meant that they were expecting earnings uptick of 10.3% over 58 cents delivered in the third quarter of the last year. Similarly, they are predicting revenue growth of 6.9% from $13.48 billion delivered in the previous year third quarter.
Street analysts’ have increased their earnings expectations to 64 cents a share from 56 cents a share three months ago. This was primarily due to better than expected results in the second quarter. Its results hold key to boosting its outlook for the full year.
