Computer components and semiconductor maker Intel saw its shares plummet by more than 26% on Friday. According to Bloomberg, this was the worst single-day performance by the company’s stock in 40 years.
Intel’s disastrous day was a result of a disappointing earnings report as well...
Intel Corp shares rose by around 8% on Friday after the tech giant reported its third-quarter earnings the previous day. The chipmaker reported revenue of $14.16 billion, beating Wall Street estimates of $13.53 billion.
Earnings per share for the three months ending September was 41...
Intel reported a surprise second-quarter profit on Friday, sending shares in the company higher by 6%. The company's strong performance was unexpected given the recent slump in the PC market as a whole.
Revenue fell by 15% to $12.9 billion from $15.3 billion a year...
Chipmaker Intel is set to release its earnings for the first fiscal quarter after the opening bell on Thursday, with analysts largely expecting the struggling chip giant to report a drop in revenue after facing declines in its PC sales as well as a...
The low sales of personal computers (PC) prompted the chip maker Intel Corp. to engage in cost-cutting activities that will likely result in significant layoffs. According to Bloomberg, Intel plans to make a “major reduction in headcount,” with thousands of employees set to lose...
Intel Corp's second-quarter report, which was shared late on Thursday, shows that the chip maker was hit hard by the lower demand for semiconductors. The company missed badly on Wall Street estimates while also slashing full-year guidance.
Intel Corp shares suffered a 10% hit in...
