Intel Corporation (NASDAQ:INTC) is scheduled to release its earnings results for the third-quarter today, October 14.
Earnings estimate for Intel Corporation
Analysts polled by Bloomberg estimated that Intel Corporation (NASDAQ:INTC) will report $0.65 in earnings per share for the third quarter. The consensus estimate is higher than its $0.58 in earnings per share recorded in the same period a year ago.
Intel Corporation (NASDAQ:INTC) is expected to achieve $14.4 billion in revenue. The company posted $13.5 billion in revenue in the year-ago quarter. During the second quarter, the technology giant reported $0.55 in earnings per share on $13.8 billion revenue.
The board of directors of Intel Corporation (NASDAQ:INTC) recently declared a quarterly dividend of $0.225 cents per share or $0.90 per share on an annual basis. The dividend will be payable on December 1 to stockholders on record on November 7.
Intel Corporation (NASDAQ:INTC) recently invested $1.5 billion for a 20% stake Tsinghua Unigroup, a Chinese holding company that control developers of system-on-chips for smartphone and other devices. Market observers believed that the tech giant will benefit from its investment citing the reason that China is the biggest market in the smartphone industry.
The shares of Intel Corporation (NASDAQ:INTC) are trading at $32 per share, up by nearly 3% at the time of this writing, around 2:20 in the afternoon in New York.
Earnings expectation for CSX Corporation
On the other hand, CSX Corporation (NYSE:CSX) is also scheduled to release its earnings results tomorrow, October 15.
Analysts forecasted that CSX Corporation (NYSE:CSX) will deliver $0.46 in earnings per share for the third-quarter, which is similar to its earnings in the same period last year. The railroad company is expected to post $3.1 billion in revenue for the current quarter, slightly above its $3 billion revenue in the year-ago quarter.
During the second-quarter, CSX Corporation (NYSE:CSX) reported $0.53 in earnings per share and $3.2 billion revenue, which missed the $3.3 billion consensus estimate.
Yesterday, the shares of CSX Corporation (NASDAQ:CSX) rose almost 6% to $31.71 per share due to the report that Canadian Pacific Railway (TSE:CP) (NYSE:CP) attempted to initiated a merger discussion over the past week. People familiar with the matter said CSX rejected Canadian Pacific’s merger proposal.
The stock price of CSX Corporation (NASDAQ:CSX) continued to trade higher. At the time of this writing, the shares of the company were au more than 3% to $32.79 per share.
