| | | Some Intel headlines--
Intel says new chip technology is six months behind, shares drop 6%
REUTERS 4:09 PM ET 7/23/2020
Symbol Last Price Change |
| INTC | 60.4 | -0.65 (-1.06%) | | QUOTES AS OF 04:00:00 PM ET 07/23/2020 |
July 23 (Reuters) - Intel Corp(INTC) said on Thursday its new 7nm chip technology was six months behind schedule, sending its shares down 6% in extended trading.
The company expects third-quarter revenue of about $18.2 billion, compared with analysts' average estimate of $17.9 billion, according to IBES data from Refinitiv. (Reporting by Stephen Nellis in San Francisco and Munsif Vengattil in Bengaluru; Editing by Anil D'Silva)
[me--AMD is flying AH in reaction to Intel's announcement of the delay; AMD is 62.81-62.84 at the moment up from 59.57 at the close while Intel is 55.33-55.35, down from 60.40]
--Intel Posts Q2 EPS of $1.23, vs. Street Est $1.11; Revenue at $19.7 Billion, vs. Consensus of $18.5 Billion
Intel forecasts third-quarter revenue above estimates
REUTERS 4:02 PM ET 7/23/2020
July 23 (Reuters) - Chipmaker Intel Corp on Thursday forecast third-quarter revenue above Wall Street estimates, a sign that a shift to working and learning from home could provide a boost for a new laptop chip the company is expected to release this fall.
The company expects third-quarter revenue of about $18.2 billion, compared with analysts' average estimate of $17.9 billion, according to IBES data from Refinitiv. (Reporting by Stephen Nellis in San Francisco and Munsif Vengattil in Bengaluru; Editing by Anil D'Silva)
Intel 7nm Process Now Trending About 12 Mos Behind Company's Internal Target
DOW JONES & COMPANY, INC. 4:32 PM ET 7/23/2020 |
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