Tuesday, April 13, 2010

Intel beats numbers but will it be enough?

Intel soundly beat their numbers for the quarter coming in with revenues of $10.3 billion vs the street expectations of $9.8 billion. Earnings also beat estimates coming in at 43 cents a share vs the 38 cents that Wall Street was expecting. Investor's appear to like the news as they have bid Intel's(INTC) shares up 4% in after hours trading. With that being said will there be follow through tomorrow? I am guessing after an initial gap up the markets will head south in line with the way investors sold on the earnings news in the 4th quarter.

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