360° Coverage : Intel lifts revenue forecasts on business PC sales

2 Updates

Intel lifts revenue forecasts on business PC sales

Jun 12 2014, 5:01pm CDT | by

NEW YORK (AP) — Intel on Thursday raised its revenue guidance, saying sales of computers for businesses have been stronger than expected. The world's largest chipmaker is...

Filed under: news

 
 
 

18 weeks ago

Intel lifts revenue forecasts on business PC sales

Jun 12 2014, 5:01pm CDT | by

NEW YORK (AP) — Intel on Thursday raised its revenue guidance, saying sales of computers for businesses have been stronger than expected.

The world's largest chipmaker is now forecasting revenue of $13.4 billion to $14 billion in the second quarter. The Santa Clara, California, company had expected $12.5 billion to $13.5 billion in revenue in the quarter. Intel also expects stronger profit margins.

It also said it expects revenue to grow in 2014. In January, Intel said its sales would be about the same as last year's total of $52.71 billion.

Analysts were forecasting $13.02 billion in revenue for Intel during the second quarter, according to FactSet. Their projections called for $53.07 billion in annual revenue.

Intel's shares rose $1.34, or 4.8 percent, to $29.30 in aftermarket trading. That put the stock on pace for a possible two-year high on Friday.

Intel's processors are inside about 80 percent of the world's PCs, and its results are often a bellwether for other chip companies. But its historically strong business of selling chips for personal computers has languished as people buy smartphones and tablets instead of PCs.

Intel said revenue from its PC business fell during the first quarter, but there were signs the slump was easing. The retirement of Microsoft Corp.'s Windows XP operating system may have helped those sales as PC users upgrade to newer systems.

Intel is scheduled to report its second-quarter results on July 15. Analysts expect it to report a profit of 46 cents per share.

Shares of Intel rose 3 cents to $27.96 on Thursday before the release of the sales forecast. The stock reached an annual high of $28.42 on Monday but has not traded at $29 since May 2012.

 
Update
2

7 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new com ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

7 weeks ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedies of MH ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/31" rel="author">Associated Press</a>
The Associated Press (AP) is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers.

 

blog comments powered by Disqus

Latest stories

NASA captures rocket's Mars descent data
Washington, Oct 18 (IANS) NASA has successfully captured thermal images of a commercial rocket on its descent, a development that may provide engineering inputs for future missions to Mars, the US space agency said in a statement.
 
 
New polio case reported in Pakistan
Islamabad, Oct 18 (IANS) A new polio case has been reported in Pakistan's Khyber Agency, bringing the total number of cases detected this year to 200.
 
 
Ebola screening counter set up at Pakistan airport
Islamabad, Oct 18 (IANS) The Pakistan government has set up a facility at Islamabad airport to scan passengers coming from African countries for Ebola, media reported Saturday.
 
 
Beckham keen to help Ebola victims
London, Oct 18 (IANS) Former footballer David Beckham has joined the fight against Ebola, calling upon the world to help "collectively halt" the "ferocious" illness.
 
 
 

Latest from the Network

Bush shoe-tossing painting hits record at Doha auction
Doha, Oct 15 (IANS/EFE) A controversial painting by Iranian artist Mahmud Obaidi, depicting an Iraqi journalist throwing shoe in 2008 at then US president George W. Bush, was sold for $62,500 at a Sotheby's auction in...
Read more on Celebrity Balla
 
US offers $45 mn bounty for eight terror leaders
Washington, Oct 15 (IANS) The US said Tuesday it is offering rewards totalling up to 45 million dollars for information on eight key leaders of the Al Qaeda in the Arabian Peninsula (AQAP) terrorist organisation. The...
Read more on Politics Balla
 
UNSC extends peacekeeping mission's term in Abyei
United Nations, Oct 15 (IANS) The UN Security Council (UNSC) has renewed the mandate of the UN peacekeeping mission in the Abyei border region between Sudan and South Sudan. In an unanimously adopted resolution, the...
Read more on Politics Balla
 
Ebola cases in West Africa could reach 10,000 per week: WHO
Geneva, Oct 15 (IANS) The World Health Organisation (WHO) has warned that the Ebola epidemic in West Africa could reach 5,000 to 10,000 cases per week by the first week of December. "Quite frankly, ladies and...
Read more on Business Balla
 
Turkey, Singapore sign strategic partnership agreement
Ankara, Oct 15 (IANS) Turkey and Singapore have signed a strategic partnership agreement to boost economic, political and cultural cooperation, as well as security collaboration, during the official visit of...
Read more on Politics Balla
 
Christina Aguilera is returning to 'The Voice' USA
Christina Aguilera will return to 'The Voice' USA next year. The 'Your Body' hitmaker, who previously shared a rotating spot on the judging panel with Shakira, has been replaced by Gwen Stefani this season as she is...
Read more on Celebrity Balla
 
Kesha's music producer hits back
Kesha is being countersued by her record company boss, Dr. Luke. The 41-year-old music producer, who runs Kemosabe Records, claims the 27-year-old 'Tik Tok' singer is a liar and is trying to extort him after she accused...
Read more on Celebrity Balla
 
Jason Derulo won't get back together with Jordin Sparks
Jason Derulo insists his split from Jordin Sparks is permanent. The 'Talk Dirty' hitmaker, who recently ended his relationship with the 'No Air' singer after three years of dating, has ruled out getting back together...
Read more on Celebrity Balla
 
Josh Groban feels 'very lucky' to be dating Kat Dennings
Josh Groban feels ''very lucky'' to be dating Kat Dennings. The 'Brave' hitmaker was very nervous before singing in front of the '2 Broke Girls' actress for the first time at the Carousel of Hope Ball in Beverly Hills,...
Read more on Celebrity Balla
 
Australian Richard Flanagan wins 2014 Man Booker prize
London, Oct 15 (IANS) The first Man Booker prize to allow American nominees was Tuesday night won by an Australian, with Richard Flanagan triumphing for a novel of love and war that tells the harrowing stories of...
Read more on Celebrity Balla