Intel reported $17.1b revenue and $1.08 in 4Q17 EPS versus Street at $16.6bm and $0.93. Intel guided $15bn revenue for 1Q18 and $0.70 EPS versus Street $15b and $0.73 EPS.
PC revenues beat our expectations…Server revenue crushed our expectations…FPGA was also better
Basically, Intel’s results line up with our bullish thesis. We like the stock to $55-60 on a 6-12 month time frame.
More after the call
