x
After encouraging business figures, the chip manufacturer's securities rose by more than 7% after the exchange.
(Reuters) Intel has given investors an outlook on what experts expect. The U.S. chipmaker predicted sales for fiscal 2020 of approximately $ 73.5 billion on Thursday after the market closed. Analysts say Refinitive estimates it will be $ 72.25 billion.
Fourth quarter sales increased 8% to $ 20.2 billion, driven by data center and PC chip business. This was above expectations of $ 19.2 billion. Earnings per share of $ 1.52 also beat the predicted $ 1.25. In absolute terms, the quarterly profit was $ 6.9 billion.
The Intel (INTC 68.47 8.13%) share initially gained more than 7% after the exchange and could therefore open on Friday at its highest level in two decades. Other semiconductor companies also rose in their wake: AMD recorded an increase of 0.9%, Nvidia (NVDA 250.48 -0.94%) of 1.6%.
According to the Gartner market research institute, the chip industry shrank noticeably last year. Accordingly, Intel regained the top position in the market.
