Intel beats third-quarter estimates, raises full-year revenue forecast [Reuters]
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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Source: Reuters
Intel beats third-quarter estimates, raises full-year revenue forecast - Reuters 3 Min Read (Reuters) - Intel Corp ( INTC.O ) on Thursday beat Wall Street estimates for third-quarter revenue and profit and raised its full-year revenue forecast, easing concerns about slowing chip demand amid the U.S.-China trade war. The chipmaker’s shares were up 4.8% at $54.75 in extended trading. Results of the Santa Clara, California-based Intel has come as a relief to the semiconductor industry after dour forecasts from two major chipmakers earlier this week aggravated concerns. After years of acquisitions outside its core area of processing chips under previous leaders, Intel Chief Executive Officer Bob Swan has set a goal of becoming more disciplined about spending, slowing investments in areas like memory chips and shedding struggling businesses. Earlier in July, Intel sold its modem business to Apple Inc ( AAPL.O ) in a deal valued at $1 billion. “Our priorities are accelerating growth, im
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INTC
Earnings
- 4/25/24 - Beat
INTC
Sec Filings
- 4/25/24 - Form 8-K
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- INTC's page on the SEC website