Add as a preferred source on GoogleHassett Calls Intel’s Results a Positive Sign for the Chip Industry
Intel posted $16.5 billion in third-quarter revenue and forecast $15 billion to $16 billion for the fourth quarter.
White House economic adviser Kevin Hassett called Intel’s latest results a positive sign for the semiconductor industry Friday, while the company’s fourth-quarter revenue forecast came in below its third-quarter total.
Intel posted $16.5 billion in third-quarter revenue and projected $15 billion to $16 billion for the fourth quarter. Even the top of the forecast range is below the third-quarter figure.
Intel shares traded at $56.61 as of 9:49 a.m. ET (14:49 UTC) Friday, Nov. 6. The stock fell 6.20% in early trading Thursday, Nov. 5.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.