SAN FRANCISCO: Intel Corp shares declined 2.5 percent on Wednesday after executives forecast modest profit growth over the next three years, signaling it is likely to lag big rivals as the once-dominant chipmaker catches up in technology.
Chief Executive Officer Bob Swan said on Wednesday the company sees both revenue and earnings per share growing in the"single digit" percentage range over the next three years, with flat PC chip sales offset by"double digit" percentage revenue growth in data center chips. Intel shares dropped in late trading on Wednesday as executives gave the presentation and closed 2.5 percent lower at US$49.24.Kinngai Chan, a Summit Insights Group analyst, said Intel's forecast means it might grow more slowly than other large chipmakers, especially in terms of profit.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks to watch: Centurion Corp, Procurri CorpTHE following companies saw new developments that may affect trading of their shares on Thursday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Intel shares sink as executives give three-year outlookIntel Corp shares declined 2.5 percent after executives gave their three-year outlook at an investor day on the company's Santa Clara, California ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
RHT Holdings sells corporate advisory unit to In.CorpSINGAPORE-BASED corporate services provider In.Corp Global has acquired RHT Corporate Advisory, RHT Holdings' corporate advisory business. Both firms declined to disclose the value of the acquisition. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
News Corp appeals ruling in Geoffrey Rush defamation suitSYDNEY: News Corp's Australian arm on Monday (May 6) appealed a judgment awarding Oscar-winner Geoffrey Rush at least A$850,000 (US$594,000) in ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
SoftBank Corp to buy US$4 billion worth of new shares from Yahoo JapanJapan's SoftBank Corp said on Wednesday it would buy 456.5 billion yen (US$4.15 billion) worth of new shares to be issued by Yahoo Japan Corp, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
SoftBank Corp fourth quarter profit falls 17 percent, misses estimatesJapanese telco SoftBank Corp reported a 17 percent drop in quarterly operating profit, missing analysts' expectations even as revenue grew.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Haw Par Corp Q1 net profit up 14.1% to S$22.07mHAW Par Corporation on Wednesday announced that net profit for the first quarter ended March 31 rose 14.1 per cent to S$22.07 million. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
S&P 500 dips as Intel slide counters trade hopesU.S. stock index futures fell on Wednesday, ahead of a crucial round of trade negotiations between the United States and China this week.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Intel to launch 7nm chip products in 2021Intel Corp Chief Executive Officer Bob Swan said on Wednesday the chipmaker would produce and launch its 7 nanometer (nm) chip products in 2021.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall St. falls as investors cautious on trade; Intel slidesU.S. stock index futures fell on Wednesday, ahead of a crucial round of trade negotiations between the United States and China this week.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Anadarko backs Occidental's revised bidAnadarko Petroleum Corp said on Monday that its board backed a US$38 billion bid from Occidental Petroleum Corp, adding pressure on rival Chevron ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »