By the numbers, the company reported a 25 percent jump in first-quarter revenue to $12.8 billion, beating estimates. First-quarter net income was $3.2 billion, up 29 percent over the year-ago period. Earnings per share were 56 cents.
Analysts had expected first-quarter revenue of $11.59 billion, according to Thomson Reuters I/B/E/S.
How should you trade it?
Guy Adami says he’s hard pressed to say go about and buy this stock considering it typically trades in a range. However he adds if you’re long it could go to $22.
Trader Tim Seymour feels the same. He reminds the desk that Intel typically blows out their numbers and it doesn’t move the stock above its range.
As Joe Terranova pores over the numbers, he says, “these positive results could be a positive read through for Teradyne, Broadcom or even AMD .”
Trader Karen Finerman is looking at the big picture. She thinks the Intel results combined with other positive data out of tech could boost the Nasdaq on Wednesday.
Read More:
Intel Shares Leap as Earnings, Revenue Surpass Targets
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Trader disclosure: On April 12, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Karabell owns (AAPL); Karabell owns (BIDU); Karabell owns (GOOG); Karabell owns (MRVL); Karabell owns (SINA); Finerman and Finerman's Firm own (AAPL); Finerman and Finerman's Firm own (BP); Finerman owns (C); Finerman and Finerman's Firm own (CVS); Finerman's Firm owns (HPQ); Finerman's Firm is short (IBM) calls; Finerman's Firm owns (JPM), is long (JPM) leaps; Finerman owns (JPM); Finerman and Finerman's firm owns (MSFT); Finerman's firm owns (TGT); Finerman owns (UNG); Finreman owns (USO); Finerman's Firm is short (IWM), (MDY), (SPY); Finerman's Firm is long S&P 500 puts; Finermna's Firm is long Russell 200 Puts; Terranova Owns (VRTS); Terranova Owns (JPM); Terranova Owns (V); Terranova Owns (BX); Terranova Owns (UPL); Terranova Owns (HOC); Terranova Owns (TCK); Terranova Owns (BAX); Terranova Owns (OXY); Terranova Owns (XOM); Terranova Owns (AKAM);
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