Intel stock rallies more than 5% as earnings, outlook top Street view

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Intel Corp. shares surge in the extended session Thursday after the chip giant posts a big earnings beat compared with what Wall Street analysts had been...

Intel Corp. shares surged in the extended session Thursday after the chip giant posted a big earnings beat compared with what Wall Street analysts had been expecting and raised its outlook for the year.

Data-center group, or DGC, revenue fell 10% to $ 5 billion, compared with $4.89 billion expected by analysts, according to FactSet data. The company sees adjusted earnings of $1.24 a share on revenue of about $18 billion for the third quarter, and $4.40 a share on revenue of about $69.5 billion for the year. Back in April, Intel had forecast an outlook of $4.35 a share on revenue of about $69 billion.

 

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:

 /  🏆 3. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Intel stock soars 5% after announcing the $1 billion sale of its smartphone modem business to Apple and reporting numbers that crushed Wall Street estimatesIntel is flying high after announcing a big $1 billion deal with Apple that will see it finally get out of the smartphone component business. CNBC Cash is like 'Size' its not how b..much U have, it's what U do w/it that counts! 😉 Surprised it jumped more than 2%, a 5% spike seems a lil... premature.😬 Let's see what intel does with it 1st & then decide to move on the signs. 😎 ToungeAndCheek investing SexSells
Source: BusinessInsider - 🏆 729. / 51 Read more »

Boeing will report earnings before the bell — here's what the Street expectsBoeing will report its second-quarter earnings before the market opens on Wednesday.
Source: CNBC - 🏆 12. / 72 Read more »