Intel rises on recovery hopes as it forecasts revenue above estimates
- Intel expressed optimism on Thursday about the future of its PC and server businesses, forecasting current-quarter revenue above estimates but warning that it had "a lot of work to do."
Intel reported third-quarter revenues above analysts' estimates but also posted a massive net loss as a result of impairment and restructuring charges. "Let’s be honest, expectations were quite low for the company and they beat those lowered expectations," said Ryan Detrick, chief market strategist of Carson Group.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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