Intel (INTC) is scheduled to report first quarter earnings tonight after the close. There is a conference call scheduled or 17:00 (the company typically guides in the press release).

Q1 Capital IQ consensus calls for EPS of $0.72 (versus $0.66 last year) on revenue of $15.08 bln (+1.8% YoY).

Consensus is near the midpoint of the company's $0.65-0.75 & $14.5-15.5 bln, respectively.

The company is expected to update its guidance for FY18 which currently stands at $3.55 & $65 billion (Capital IQ consensus $3.58 & $65.07 bln).

CPU rival AMD (AMD) reported a beat and raise report last night. 

TECHS:

INTC P/E 13.2x; EV/EBITDA 9.1x' P/Sales 3.8x vs AMD P/E 18.5x; EV/EBITDA 28.7x; P/Sales 1.8x

There is potential resistance near the $53.50-54.00 area, while support sits near the $48.50-49.00 vicinity.