World's largest chipmaker Intel reported better-than-expected quarterly profit and raised its full-year forecasts. Net income increased to $2.81 billion, or 58 cents per share, in 2Q17 from $1.33 billion, or 27 cents per share, a year earlier. Intel expects its full-year adjusted earnings to be $3 per share, plus or minus 5%. The new forecast is 15 cents per share higher than the company's previous estimate; increased full-year revenue forecast by $1.3 billion to $61.3 billion, plus or minus $500 million. Check out the earnings snapshot: http://ift.tt/2w4z8Do
Submitted July 27, 2017 at 05:26PM by JimRogers_FCA http://ift.tt/2v2eO8V
