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The bank sees 2011 EPS of $2.38, up from $2.27 per share, and 2012 EPS of $2.50, up from $2.30 per share.
Intel has a potential upside of 12.8% based on a current price of $22.77 and an average consensus analyst price target of $25.69.
Citigroup raised its 2011 and 2012 EPS estimates for Intel (NASDAQ:INTC) and maintained its buy rating and $26 price target on the stock.
The company sees Q3 revenues of $13.5 billion to $14.5 billion, vs. consensus estimates of $13.5 billion.
Paul Otellini, Intel president and CEO said, "We achieved a significant new milestone in the second quarter, surpassing $13.0 billion in revenue for the first time.
Intel (NASDAQ:INTC) reported Q2 EPS of $0.59, ahead of consensus estimates of $0.51 per share. Revenues for the quarter rose 22% year-over-year to $13.1 billion, topping consensus estimates of $12.8 billion.
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From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...
