Intel surges after results spark optimism over turnaround
Fri, Nov 1, 2024 10:05 AM

Intel surges after results spark optimism over turnaround

A Flip by Avya Verma
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Intel Corp. gave a fourth-quarter revenue forecast slightly above estimates, sparking optimism that it’s capable of reclaiming some lost market share.Fourth-quarter revenue will be $13.3 billion to $14.3 billion, the Santa Clara, California-based company said in a statement. That compares with the $13.6 billion analysts estimated on average. The company is projecting a profit of 12 cents a shares.

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