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Stockreport

Intel Shares Surge 24%—Breaking Dot-Com Record After Earnings Fuel Turnaround Optimism [Forbes]

Broadcom Inc. (AVGO)  More Company Research Source: Forbes
Last broadcom inc. earnings: 3/12 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
earnings exceeded Wall Street's expectations and fueled optimism for the company's turnaround. Shares of Intel rallied 24.4% to over $83 as trading opened on Friday, well above the stock's previous intraday high of $75.81 on Aug. 28, 2000. Intel on Thursday reported first-quarter revenue of $13.57 billion and $0.29 earnings per share, smashing consensus analyst estimates of $12.4 billion and $0.02, according to FactSet. The chipmaker projected second-quarter revenue between $13.8 billion and $14.8 billion and earnings per share of $0.20, beating projections of $13.7 billion and $0.19. CEO Lip-Bu Tan said in a statement that Intel had undergone a “reset,” resulting in a sixth-straight quarter of revenue above the company's expectations as well as “new and deepened relationships with strategic partners.” Stifel analysts lifted their price target for Intel's shares and said the company “significantly beat expectations,” noting they remain encouraged by Intel's "solid execution” [Read more]
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Stockreport

Intel Shares Surge 24%—Breaking Dot-Com Record After Earnings Fuel Turnaround Optimism [Forbes]

Broadcom Inc.  (AVGO) 
More Company Research Source: Forbes
Last broadcom inc. earnings: 3/12 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
earnings exceeded Wall Street's expectations and fueled optimism for the company's turnaround. Shares of Intel rallied 24.4% to over $83 as trading opened on Friday, well above the stock's previous intraday high of $75.81 on Aug. 28, 2000. Intel on Thursday reported first-quarter revenue of $13.57 billion and $0.29 earnings per share, smashing consensus analyst estimates of $12.4 billion and $0.02, according to FactSet. The chipmaker projected second-quarter revenue between $13.8 billion and $14.8 billion and earnings per share of $0.20, beating projections of $13.7 billion and $0.19. CEO Lip-Bu Tan said in a statement that Intel had undergone a “reset,” resulting in a sixth-straight quarter of revenue above the company's expectations as well as “new and deepened relationships with strategic partners.” Stifel analysts lifted their price target for Intel's shares and said the company “significantly beat expectations,” noting they remain encouraged by Intel's "solid execution” [Read more]
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AVGO
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Price Change %
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Performance comparison Updated
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Stock performance from the time of news release until the following 4pm ET market close
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Multi-day stock performance from the time of the news release
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%
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%
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TICKS
AVG SHARES PER TRADE
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