Thursday, April 26, 2018

Intel soars after brighter forecast for data centres, memory

(Reuters) - Intel Corp beat earnings expectations for the first quarter and raised its full-year revenue and profit forecasts on Thursday, driven by the biggest-ever quarterly jump in its data centre business and small-but-steady growth in its personal computer business.

Shares of the Santa Clara, California-based chipmaker rose 5.4 percent to $55.95 in after-market trading after it said it expects full-year revenue of $67.5 billion, up $2.5 billion from prior guidance. 
 
Source: Reuters LINK

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