Intel Lifts Guidance as Profit Surges 34% - News Summed Up

Intel Lifts Guidance as Profit Surges 34%


Intel Corp. said Thursday its profit rose 34% despite increasing competition in its core markets of supplying chips for personal computers and corporate servers. Profit in the third quarter was $4.52 billion, up from $3.38 billion a year earlier. Revenue rose 2% to $16.1 billion, topping Wall Street’s estimates. The company also lifted its...


Source: Wall Street Journal October 26, 2017 20:48 UTC



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