Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Nepal protests
  • Nepal Protests Live
  • Vice-presidential elections
  • iPhone 17
  • IND vs PAK cricket
  • Israel-Hamas war
fp-logo
Intel beats third-quarter revenue and profit estimates, raises full-year revenue forecast
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Tech
  • News & Analysis
  • Intel beats third-quarter revenue and profit estimates, raises full-year revenue forecast

Intel beats third-quarter revenue and profit estimates, raises full-year revenue forecast

Reuters • October 25, 2019, 09:29:26 IST
Whatsapp Facebook Twitter

Intel Chief Executive Officer Bob Swan has set a goal of becoming more disciplined about spending.

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
Intel beats third-quarter revenue and profit estimates, raises full-year revenue forecast

Intel Corp 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. [caption id=“attachment_4697101” align=“alignnone” width=“1280”]Intel. Reuters. Intel. Reuters.[/caption] The chipmaker’s shares were up 4.8 percent 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 in a deal valued at $1 billion. “Our priorities are accelerating growth, improving our execution …,” Swan said on Thursday. Intel, which is in a race against rival Taiwan Semiconductor Manufacturing Co Ltd to make smaller chips, said the move to the newer process was on track and it would have chips from its next generation by 2021. Intel’s board has approved a $20 billion increase in its stock repurchase program, the company said on Thursday. Revenue in Intel’s client computing business, which caters to PC makers and is the biggest contributor to sales, fell 5% to $9.7 billion, but still beat FactSet estimates of $9.60 billion. Revenue from its higher-margin data center business rose 4% to $6.4 billion in the quarter, while analysts were expecting revenue of $5.62 billion, according to FactSet. Intel forecast fourth-quarter revenue of $19.2 billion, and adjusted earnings of $1.24 per share. Analysts on average were expecting revenue of $18.82 billion and a profit of $1.21 per share, according to IBES data from Refinitiv. For the full year, the company expects revenue of $71 billion, up from its earlier forecast of $69.5 billion. That came in above analysts’ estimate of $69.43 billion. Intel recorded a flat growth in net revenue at $19.19 billion, beating estimates of $18.05 billion. Excluding items, the company earned $1.42 per share, above estimates of $1.24 per share.

Tags
Intel Santa Clara Taiwan semiconductor third quarter revenue
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Top Stories

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV