Jefferies Updates Q1 Estimates On INTC

Jefferies is updating its estimates on shares of Intel Corporation (NASDAQ: INTC).

“We brought our Q1 estimates in-line with guidance and est the implied EPS guidance is in the $0.46-$0.48 range (from $0.51-0.53),” Jefferies writes. “We raised our CY11 rev to $48.6B (+12% Y/Y) from $45.6B (+5% Y/Y) due to the acq, but lowered our EPS to $1.88 (from $1.94) due to lower GM and higher opex.”

Intel Corporation closed Monday at $21.46.