Stock Monitor: Vishay Intertechnology Post Earnings Reporting
LONDON, UK / ACCESSWIRE / May 17, 2018 / If you want access to our free earnings report on Intel Corp. (NASDAQ: INTC), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=INTC. Intel reported its financial results for first quarter fiscal year 2018 (Q1 FY18) on April 26, 2018. The American multinational corporation surpassed market estimates for revenue and earnings for the first quarter 2018. Additionally, the Company raised its guidance for the second quarter 2018 and for fiscal year 2018. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Earnings Highlights and Summary
Intel's total revenue increased 8.6% to $16.1 billion in Q1 FY18 compared to $14.8 billion in Q1 FY17, primarily driven by strong performance of data-centric businesses. The Company's revenue in the reported quarter exceeded market estimates of $15.1 billion.
During Q1 FY18, the Company's operating income surged 23% to $4.5 billion compared to $3.6 billion in Q1 FY17.
For first quarter 2018, Intel reported 50% growth in net income to $4.5 billion in comparison to $3.0 billion in Q1 FY17.
Intel's earnings per share increased to $0.93 in Q1 FY18 compared to $0.61 per share in Q1 FY17, increasing 53% on a y-o-y basis. The Company's adjusted earnings per share were $0.87 for the reported quarter compared to $0.66 per share in year ago same quarter. In addition, adjusted earnings per share in the reported quarter surpassed market estimates of $0.71 per share.
Intel operates through six segments: (i) Client Computing Group (CCG); (ii) Data Center Group (DCG); (iii) Internet of Things Group (IOTG); (iv) Non-Volatile Memory Solutions Group (NSG); (v) Programmable Solutions Group (PSG); and (vi) All Other.
During Q1 FY18, the Company earned $8.2 billion from its CCG segment compared to $8.0 billion in Q1 FY17, increasing 3.1% on a y-o-y basis. The segment's operating income decreased in the reported quarter to $2.8 billion compared to $3.0 billion in prior year's same period.
For first quarter 2018, revenue from the DCG segment increased 24% to $5.2 billion compared to $4.2 billion in Q1 FY17. The segment's operating income increased in Q1 FY18 to $2.6 million in comparison to $1.5 billion in Q1 FY17.
The Company's IOTG segment generated total revenue of $840 million in the reported quarter compared to $721 million in year ago same quarter, increasing 17% on a y-o-y basis. The segment's operating increased to $227 million in Q1 FY18 compared to $105 million in Q1 FY17.
Intel's revenue from its NSG segment grew by 20% to $1.0 billion in the reported compared to $866 million in year ago corresponding period. Operating loss from NSG segment was $81 million in the reported quarter versus $129 million in prior year's same period.
During first quarter 2018, Intel's revenue from PSG segment rose by 20% to $498 million compared to $425 million in Q1 FY17. The segment's operating income increased to $97 million in the reported quarter versus $92 million in year ago comparable quarter.
Intel's revenue from All other segment decreased to $234 million in the reported quarter compared to $576 million in year ago same quarter.
As of March 31, 2018, Intel's cash and cash equivalents stood at $3.6 billion compared to $5.0 billion as of April 1, 2017. The Company's net cash inflow from operating activities was $6.3 billion in the reported quarter compared to $4.0 billion in year ago corresponding quarter.
During first quarter 2018, the Company repurchased 40.8 million shares at a cost of $1.9 billion.
Intel expects total revenue to be $16.3 billion for Q2 FY18 and $67.5 billion for FY18. The Company anticipates earnings per share for the second quarter of 2018 to be $0.85 and $3.79 per share for fiscal year 2018. Intel expects adjusted earnings per share to be $3.85 for FY18.
Stock Performance Snapshot
May 16, 2018 - At Wednesday's closing bell, Intel's stock advanced 1.34%, ending the trading session at $54.64.
Volume traded for the day: 16.07 million shares.
Stock performance in the last month – up 2.05%; previous three-month period – up 20.41%; past twelve-month period – up 52.54%; and year-to-date – up 18.37%
After yesterday's close, Intel's market cap was at $255.39 billion.
Price to Earnings (P/E) ratio was at 15.82.
The stock has a dividend yield of 2.20%.
The stock is part of the Technology sector, categorized under the Semiconductor - Broad Line industry. This sector was up 0.3% at the end of the session.
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