Keep an eye on shares of Intel (INTC) in Thursday’s trading session. The chip maker matched analysts’ estimates for earnings in the first quarter. It posted a profit of 41 cents, in-line with analysts’ estimates. However, revenue of $12.78 billion fell short of Wall Street estimates. Still, both the top and bottom line showed an improvement from a year ago. The company said it continues to see slowing demand for personal computers. Looking ahead, the company expects second quarter revenue in a range of between $12.8 billion to $13.7 billion. Shares have gained more than 20% so far this year. Intel ended the regular session down but, following the earnings release the stock gained in after-hours action. TheStreet’s Kurumi Fukushima reports in New York.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
