27.04.2020 Intel Daily Analysis

27.04.2020 Intel Daily Analysis

Intel today is trading at $59.80, it went up with $0.54 from $59.26 This is mainly because the Intel 1st quarter of 2020 results came out more improved and recorded a good growing revenue and a healthy profit margin compared to 2019 1st quarter. Intel reported $19.8B in revenue, which is slight behınd Intels record-breaking 4th quarter, and as a result of this strong revenue, Intel recorded $5.7B in net income. Intel believes they actually benefited from the coronavirus outbreak, as companies and consumers needed to make a previously-unplanned purchase of laptops and other equipment for working from home and remote learning. According to Intel, the company was able to keep all of its essential manufacturing operations going, with an on-time delivery rate. So thus far Intel seems to have weathered the 1st part of the pandemic fairly well. However, as the pandemic continues, it’s likely to start impacting Intel’s sales in other ways, as idled businesses won’t be making their usual purchases and expansions. As a result, Intel isn’t even providing full-year financial guidance due to the economic uncertainty that the pandemic has caused.