Intel Shares Rise on Earnings
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NEW YORK/SAN FRANCISCO  - Shares of Intel Corp.  INTC.O rose 2.4 percent on Wednesday after the leading  chipmaker reported better-than-expected quarterly results and  raised its manufacturing spending plans.
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Intel Corp  on Tuesday  posted a 51 percent rise in quarterly net income, paced by  brisk sales of its microprocessors used in notebook personal  computers, and gave a forecast that lagged some analyst  estimates.
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U.S. shares are set to open higher on Friday, buoyed by Intel Corp.  after the world's largest chip maker raised its quarterly revenue target due to strong demand, but all eyes will be on jobs data before the opening.
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Intel Corp. , the largest maker of computer processors, posted a 44 percent rise in quarterly profit on Tuesday but gross margins missed its target and shares fell nearly 5 percent.
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Driven by record sales of server and mobile microprocessors and a bigger slice of the flash memory market, Intel Corp.'s third-quarter profits rose 15 percent even as it struggled with lackluster PC sales, excess inventory and stiff competition.
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Intel said its quarterly profit rose 44 percent over last year, reaching $1.3 billion as low selling prices for its microprocessors were offset by higher than expected unit shipments.
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The stock market barreled higher yesterday, sending the Dow Jones industrials to a new 31/2-year high as two Wall Street companies reported better-than-expected earnings and a brokerage firm gave tech bellwether Intel Corp.
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Intel Corp., the giant chipmaker, which has been plagued by product delays and cancellations this year, raised its fourth-quarter revenue forecast on Thursday well above Wall Street expectations.
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Shares in tech bellwethers Intel Corp. and Yahoo Inc. rose in after-hours trade on upbeat earnings reports, driving Asian shares higher Wednesday as oil prices retreated from record highs.
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Chip bellwether Intel Corp. saw revenues and net income go higher sequentially and year over year for Q3 amid questions about the industry&#39;s health as it heads towards what many believe is the down part of the cycle.
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Intel (INTC:Nasdaq - news - research) delivered part of the news that Wall Street wanted to hear Thursday, raising its projections for revenue in the fourth quarter by nearly 6%.
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Intel Corp. , the largest maker of computer processors, posted a rise in second-quarter earnings on Tuesday, but its missed its gross profit margin goal and its shares fell nearly 5 percent.
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Intel Corp , the world's largest chip maker will probably generate double-digit annual earnings growth over the next several years and extend its lead over rival Advanced Micro Devices Inc , especially if the economy falters, Barron's said.
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Intel (INTC), the largest maker of microchips, raised its quarterly revenue outlook Thursday, citing strong worldwide demand for its microprocessors, and its shares jumped more than 7% in after-hours trading.
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Investors were buoyed by a strong earnings report from National Semiconductor, which provided reason for optimism that the chip sector, which had been under some pressure in recent weeks, might perform better than expected.
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SANTA CLARA, Calif. -- Intel Corp., the world's largest chip maker, raised its third-quarter revenue outlook on Monday due to stronger-than expected demand for its microprocessors.
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Stocks rose on Monday on a tech-led rally, recovering some of Friday's steep losses, as Intel Corp  raised its outlook and Apple Inc  sold the one-millionth iPhone.