Intel Gives Bullish Outlook on Surprising Jump in PC Demand
- Gains by stock pared after comments on trade war ‘headwind’
- Data center unit continued strong run, growing 26 percent
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Intel Corp., the world’s second-biggest semiconductor maker, gave bullish forecasts that demonstrate growth is back in a personal-computer market many thought was dying.
Revenue in the fourth quarter will be about $19 billion and profit will be $1.16 per share, Intel said in a statement Thursday. Both projections beat analysts’ average estimate. Intel also lifted its revenue prediction for 2018 to $71.2 billion, $6 billion more than it was forecasting at the beginning of the year.