Intel Raises Outlook, Sending Shares Higher - News Summed Up

Intel Raises Outlook, Sending Shares Higher


Intel Corp. reported stronger third-quarter earnings and again raised its full-year outlook, helping ease investor concerns about production bottlenecks at the chip maker and a broader slowdown in demand. Intel on Thursday reported adjusted earnings of $1.42 a share, compared with $1.40 a year earlier. Analysts polled by FactSet were expecting earnings of $1.23 a share.


Source: Wall Street Journal October 24, 2019 20:33 UTC



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