: Intel stock rallies on raised outlook, earnings beat for server and PC sales [MarketWatch]
Advanced Micro Devices, Inc. (AMD)
Last advanced micro devices, inc. earnings: 4/28 04:25 pm
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Source: MarketWatch
Intel stock rallies on raised outlook, earnings beat for server and PC sales Intel Corp.’s beleaguered shares rallied in the extended session Thursday after the chip giant raised its outlook for the year and soundly beat Wall Street estimates in its largest business segments. Intel INTC, +4.46% reported third-quarter net income of $6.4 billion, or $1.38 a share, compared with $4.52 billion, or 94 cents a share, in the year-ago period. Adjusted earnings were $1.40 a share. Intel was expected to post adjusted earnings of $1.15 a share, according to analysts surveyed by FactSet. Revenue rose to $19.16 billion from $16.15 billion in the year-ago period. Wall Street expected revenue of $18.13 billion from Intel, according to the FactSet consensus. Intel shares climbed as much as 6% in after-hours trading and were recently up 3.7%, following a 4.5% gain to close the regular session at $44.31. In comparison, the PHLX Semiconductor Index SOX, +2.34% finished Thursday up 2.3%, the Dow Jo
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AMD
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AMD
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