Intel Corp shares declined 2.5 percent on Wednesday after executives forecast mo...
SAN FRANCISCO - Intel Corp shares declined 2.5 percent on Wednesday after executives forecast modest profit growth over the next three years, signaling it is likely to lag big rivals as the once-dominant chipmaker catches up in technology.
Intel once dominated the most important chip market with more than 90 percent share for the brains of personal computers. As PC sales have stagnated, it has expanded into data center processors, memory and networking chips. Chief Executive Officer Bob Swan said on Wednesday the company sees both revenue and earnings per share growing in the “single digit” percentage range over the next three years, with flat PC chip sales offset by “double digit” percentage revenue growth in data center chips.
Intel shares dropped in late trading on Wednesday as executives gave the presentation and closed 2.5 percent lower at $49.24.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Intel shares sink as executives give three-year outlookIntel Corp shares declined 2.5 percent after executives gave their three-year ou...
Weiterlesen »
Exelon to close Pennsylvania Three Mile Island nuclear plant in SeptemberU.S. energy company Exelon Corp said Wednesday it will shut the last reactor at ...
Weiterlesen »
Toyota sees smaller-than-expected profit rise in 2019/2020Toyota Motor Corp forecast on Wednesday a 3.3 percent rise in operating profit f...
Weiterlesen »
SoftBank Corp to spend $4 billion to up Yahoo Japan stake, sees profit rising 24 percentJapanese telco SoftBank Corp said on Wednesday it would spend $4 billion to up i...
Weiterlesen »
Thomson Reuters profit tops Wall Street forecastsThomson Reuters Corp on Wednesday reported stronger-than-expected quarterly prof...
Weiterlesen »
Thomson Reuters profit tops Wall St. forecasts, shares hit all-time highThomson Reuters Corp on Wednesday reported stronger-than-expected quarterly prof...
Weiterlesen »
Intel CEO to investors over outlook: 'We let you down'Intel Corp. Chief Executive Bob Swan acknowledged Wednesday that the company let investors down for lowering its outlook during its last earnings report....
Weiterlesen »
News Corp appeals ruling in Geoffrey Rush defamation suitNews Corp's Australian arm on Monday appealed a judgment awarding Oscar-win...
Weiterlesen »
Six full time staffers investigating Trump for House Intel CmteA House Intelligence Committee source tells the Rachel Maddow Show that the Committee now has six full time staffers investigating the president, including an FBI financial crimes veteran, three former assistant U.S. attorneys, and a Russian-speaking investigator.
Weiterlesen »