US Chipmaker Intel Forecasts Second-Quarter Revenue Above Estimates
Last Updated: April 28, 2023, 02:31 IST
Intel’s first-quarter income fell 36 p.c to $11.7 billion. (Image: Intel/Twitter)
Intel’s first-quarter income fell 36 p.c to $11.7 billion and the semiconductor large posted an enormous lack of $2.8 billion
Chipmaker Intel Corp forecast second-quarter income above Wall Street estimates on Thursday, an indication that chip demand was recovering after a downturn wrought by extra provide and a post-pandemic droop within the private laptop market.
The firm forecast second-quarter adjusted income within the vary of about $11.5 billion and $12.5 billion. Analysts polled by Refinitiv had been anticipating income of $11.75 billion.
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