Intel Third-Quarter Sales Slip Amid Shaky PC Market

  • 📰 WSJ
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Personal computer and server chips sagged, but sales overall beat forecasts and the chip maker’s own projections

Intel’s sales and profits fell in its latest quarter as weak personal-computer sales damped the market for its chips, and gains from surging interest in artificial intelligence remained elusive.

The company’s $14.2 billion in third-quarter sales were 8% below the year-earlier period but above Wall Street forecasts in a survey of analysts by FactSet. Net income of $310 million was sharply lower but also above expectations.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.

 

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:

 /  🏆 98. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines