Arab Today, arab today record revenue for intel shares soar
Last Updated : GMT 16:08:40
Arab Today, arab today
Arab Today, arab today

Record revenue for Intel, shares soar

Arab Today, arab today

Arab Today, arab today Record revenue for Intel, shares soar

New York - AFP

US computer chip giant Intel blew past the expectations of Wall Street analysts and dismissed gloomy forecasts for personal computer sales. Intel said its net profit revenue rose 29 percent in the first quarter over a year ago to $3.2 billion while revenue soared 25 percent to $12.8 billion. Earnings per share of 59 cents were well above the 46 cents expected by analysts. \"The first-quarter revenue was an all-time record for Intel fueled by double digit annual revenue growth in every major product segment and across all geographies,\" Intel president and chief executive Paul Otellini said on Tuesday. \"These outstanding results, combined with our guidance for the second quarter, position us to achieve greater than 20 percent annual revenue growth,\" Otellini said in a statement. Intel forecast revenue of between $12.3 billion and $13.3 billion in the current quarter, well above the $11.87 billion expected by analysts. Intel shares soared 4.98 percent to $20.85 in after-hours trading.The computer chip giant also said recent forecasts for personal computer sales were too pessimistic. Figures released last week by technology research companies IDC and Gartner showed that the personal computer market shrank in the first quarter for the first time in more than a year due to frugality and a tablet computer craze.IBM said it continued to expect the PC market to grow by more than 10 percent this year and the same next year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today record revenue for intel shares soar Arab Today, arab today record revenue for intel shares soar

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today record revenue for intel shares soar Arab Today, arab today record revenue for intel shares soar

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Girl barred from Malaysia chess competition

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday