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UPDATE 2-Intel eases chip demand concerns with raised forecast, shares gain [Reuters]

Intel Corporation (INTC)  More Company Research Source: Reuters
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Intel eases chip demand concerns with raised forecast, shares gain - Reuters 3 Min Read (Reuters) - Intel Corp forecast current-quarter profit and revenue above estimates and raised its full-year revenue forecast on Thursday, allaying concerns about a global semiconductor sales slowdown and curbs on U.S. sales to Huawei Technologies. Separately, the company said it would sell the majority of its smartphone modem business to Apple Inc for $1 billion. Intel’s shares rose 6.5% to $55.56 in extended trading. The chip industry is in a slowdown, with research firm Gartner forecasting global semiconductor revenue to drop 9.6% to $429 billion in 2019. Chipmakers have also been hit by the U.S.-China trade tensions, including tariffs on some products and restrictions on sales to Huawei. Intel has said it has reworked its supply chain to mitigate most of the tariff consequences but has not specifically disclosed the impact of the Huawei restrictions. The Santa Clara, California-based company has [Read more]
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Stockreport

UPDATE 2-Intel eases chip demand concerns with raised forecast, shares gain [Reuters]

Intel Corporation  (INTC) 
More Company Research Source: Reuters
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Intel eases chip demand concerns with raised forecast, shares gain - Reuters 3 Min Read (Reuters) - Intel Corp forecast current-quarter profit and revenue above estimates and raised its full-year revenue forecast on Thursday, allaying concerns about a global semiconductor sales slowdown and curbs on U.S. sales to Huawei Technologies. Separately, the company said it would sell the majority of its smartphone modem business to Apple Inc for $1 billion. Intel’s shares rose 6.5% to $55.56 in extended trading. The chip industry is in a slowdown, with research firm Gartner forecasting global semiconductor revenue to drop 9.6% to $429 billion in 2019. Chipmakers have also been hit by the U.S.-China trade tensions, including tariffs on some products and restrictions on sales to Huawei. Intel has said it has reworked its supply chain to mitigate most of the tariff consequences but has not specifically disclosed the impact of the Huawei restrictions. The Santa Clara, California-based company has [Read more]
IMPACT SNAPSHOT
EVENT TIME:
INTC
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS