Intel Corp. posted strong fourth-quarter earnings that benefited from an upswing in personal-computer shipments and robust demand for chips to power data centers. The chip maker Thursday said adjusted earnings per share in the quarter rose to $1.52 from $1.28 in the year-prior period. Analysts surveyed by FactSet were expecting $1.25 per share on an adjusted basis. Sales in the period rose 8% to $20.21 billion, beating the $19.23 billion analysts had expected.

Source: Wall Street Journal January 23, 2020 21:25 UTC