REUTERS: Intel Corp forecast current-quarter profit and revenue above estimates and raised its full-year revenue forecast on Thursday, allaying ...
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.
Chipmakers have also been hit by the U.S.-China trade tensions, including tariffs on some products and restrictions on sales to Huawei. Intel forecast revenue and profit of US$18 billion and US$1.24 per share for the third quarter, above analysts' estimate of US$17.72 billion and US$1.16 per share. Revenue in Intel's client computing business, which caters to PC makers and is still the biggest contributor to sales, rose to US$8.84 billion, beating FactSet estimates of US$8.13 billion.Revenue from its higher-margin data center business rose to US$4.98 billion, above estimates of US$4.89 billion according to FactSet.
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