Intel set to report first-quarter earnings after the bell

  • 📰 CNBC
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Intel is providing its first earnings report since announcing that it's exiting the 5G smartphone market.

Intel will report first-quarter earnings after the close of trading on Thursday. Executives will discuss the results with analysts at 5 p.m. Eastern time.The report will be the first for CEO Bob Swan since he was named permanent CEO in January. Swan, who became Intel's finance chief in 2016, took the top job on an interim basis last year after Brian Krzanich was ousted for what the company called a"consensual relationship" with an employee.

That leaves the company increasingly reliant on the data center business, where Intel has dominant market share in providing chips for servers. An additional problem for Intel is the company hasn't been making enough central processing units to meet PC demand.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What this week’s Apple-Qualcomm-Intel dance means for the future of 5GQualcomm is now alone at the top of the 5G chip market. 😂😂😂
Source: washingtonpost - 🏆 95. / 72 Read more »

The first 5G phone will cost $1,300 on VerizonVerizon will begin selling the Galaxy S10 5G on May 16 starting at $1,300. The company also announced plans for 5G in 20 new cities. 1300 is a small price to pay for testicular cancer. 5G and Bitcoin isn’t about phones and alternative currencies. It’s about global trade finance. Hey verizon Reliance Jio Infocomm is gonna take you over 🐦
Source: CNBC - 🏆 12. / 72 Read more »