×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Intel | Revenue | Outlook | Shares

Intel's Revenue Outlook Tops Expectations; Shares Rise

Tuesday, 15 July 2014 05:24 PM

Intel Corp. forecast third-quarter revenue above Wall Street's expectations, signaling that a shrinking personal computer industry may be stabilizing.

The chipmaker's shares rose 3.9 percent in extended trading after closing up 0.70 percent at $31.71 on Nasdaq.

Intel said in a statement on Tuesday it expects third-quarter revenue of $14.4 billion, plus or minus $500 million. Analysts had expected $14 billion on average, according to Thomson Reuters I/B/E/S.

The Santa Clara, California company also said it expects full year revenue to grow about 5 percent, "slightly higher than prior expectations."

Second-quarter revenue was $13.8 billion, compared with $12.8 billion in the year-ago quarter, Intel said. In June, Intel revised increased its second-quarter revenue outlook to $13.7 billion, plus or minus $300 million, citing stronger-than-expected demand for PCs used by businesses.

Intel posted second-quarter net income of $2.8 billion, or 55 cents a share, compared with $2.0 billion, or 39 cents a share, in the year-ago quarter.

© 2022 Thomson/Reuters. All rights reserved.


Companies
Intel Corp. forecast third-quarter revenue above Wall Street's expectations, signaling that a shrinking personal computer industry may be stabilizing.
Intel, Revenue, Outlook, Shares
156
2014-24-15
Tuesday, 15 July 2014 05:24 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved