Intel is raising its annual forecasts, the title is progressing


© Reuters. INTEL IS RAISING ITS ANNUAL FORECASTS, THE TITLE IS PROGRESSING

(Reuters) – Intel (NASDAQ:INTC) has released on Thursday the quarterly results above estimates, while raising its forecast for the year as a whole, ads that result in an increase of nearly 8% of the title of the world’s number one computer chips in exchange after Exchange.

The group, historically a supplier to micro-computers, was trying to convey in the first plan of its activities in the data centres and also those in other areas, more new such as artificial intelligence and driverless cars.

Sales of chips for PCS, which still account for the largest share of group sales, increased 3%, to $ 8.2 billion (€6.8 billion), while financial analysts had expected 7,91 billion, according to the consensus Thomson Reuters I/B/E/S.

The revenues from the business data center have increased by 24%, to $ 5.2 billion, surpassing also a consensus of 4.73 billion.

In the quarter January-march, the net profit of the group increased to 4.45 billion, or 93 cents per share, compared to 2.96 billion (61 cents/share) a year earlier.

Excluding exceptional items, earnings per share (EPS) stands at 87 cents, or 15 cents above the consensus Thomson Reuters I/B/E/S.

The total turnover has reached $ 16.07 trillion, compared with 14.8 billion a year earlier. The consensus gave it to 15,08 billion.

The closing price of 53,05 (+3,25%) of Thursday, as Intel displays an increase of 14.93% since the beginning of the year, as against a decline of 1.6% in the Dow Jones, of which it is part, on the period.

(Sonam Rai in Bangalore, Benoit Van Overstraeten for the French service)

Leave a Reply