Intel forecasts 2020 revenue above estimates, shares rise
(Reuters) – Intel Corp forecast full-year revenue above analysts’ estimates on Thursday, helped by higher sales of its chips used in data centres that power internet-based services, sending its shares up 5%.
The company expects fiscal year 2020 revenue of about $73.5 billion (56 billion pounds), compared with analysts’ average estimate of $72.25 billion, according to IBES data from Refinitiv.
(Reporting by Munsif Vengattil in Bengaluru and Stephen Nellis in San Francisco; Editing by Maju Samuel)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Welcome to Tech2 Innovate, India’s most definitive youth festival celebrating innovation is being held at GMR Grounds, Aerocity Phase 2, on 14th and 15th February 2020. Come and experience an amalgamation of tech, gadgets, automobiles, music, technology, and pop culture along with the who’s who of the online world. Book your tickets now.