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

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.

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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
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »

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.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »