Intel Profit Drops, Outlook Upbeat

Intel's quarterly profit slid 7.8% on lower sales, but the semiconductor giant posted revenue and gross margin above its guidance.

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    Qualcomm turned in a storming set of results, beating analysts’ forecasts both with its fiscal third quarter earnings and its future outlook. Its profit was $1.4bn, or 97 cents a share, up from $1.2bn last year, on revenue up 4% to $6bn. Equipment and ...
    07/21/2016 - 2:38 am | View Link
  • Intel profit drops, hurt by restructuring costs
    For 2016, the company maintained its revenue outlook for growth in the mid-single digits ... Over all, Intel reported a profit of $1.33 billion, or 27 cents a share, down from $2.71 billion, or 55 cents a share, a year earlier. Excluding certain items ...
    07/20/2016 - 10:00 am | View Link
  • Intel Drops 9%, Leads Markets Lower; All Eyes on China
    CEO Brian Krzanich remarked, “While the outlook for the first quarter reflects some caution ... Ing cuts his 2016 estimates to $59.29 billion in revenue and $2.13 a share in profit from a prior $59.97 billion and $2.44 per share. Kinngai Chan ...
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  • Intel share price drops despite strong results
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  • Intel reportedly drops $13 billion acquisition talks with Altera
    The deal would have made sense for Intel — 90% of the company's operating profit comes from PC chips. The deal with Altera would have allowed Intel to diversify its business. Intel also cut its Q1 outlook by almost $1 billion last month because of ...
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