Shares of Intel fell after the report, as sales of chips for data centers were disappointing

News

Shares of Intel fell after the report, as sales of chips for data centers were disappointing

27.04.2021 News

Shares of Intel fell 2.6% in non-trading time after the American chipmaker announced its results for the first quarter and gave a forecast for the whole of 2021.

The main figures of the Intel report

Intel reported earnings per share decline in the first quarter of 4% (compared to the same value in 2020) to $ 1.39, but it was $ 0.24 better than analysts’ estimate of $ 1.15.

Intel’s revenue also fell 6% from last year to $ 18.6 billion, but exceeded Wall Street’s average estimate of $ 17.86 billion.

Intel forecasts

The company’s management expects in the second quarter of 2021:

  • earnings per share of $ 1.05, which is a decrease of 17% compared to $ 1.23 in the second quarter of 2020 and lower than analysts’ forecast of $ 1.09;
  • Revenue, according to Intel, will also decline – by 11% to $ 17.8 billion, but it is above the average analytical forecast of $ 17.55 billion.

For the entire fiscal year 2021, Intel expects to receive:

  • profit of $ 4.60 – below last year’s value of $ 5.3, but higher than the forecast of $ 4.58;
  • revenue of $ 72.5 billion – although less than last year’s record 77.87 billion, it is also higher than analytical expectations of $ 72.2 billion.

Other articles

Read also

Shares of Intel fell after the report, as sales of chips for data centers were disappointing
News

Ukraine will pay almost 150 billion debt for the quarter

In the first quarter of 2021, Ukraine will pay the debt of 146.1 billion hryvnias, which is 7.25 billion more than the previous forecast. The data on the website of the Ministry of Finance testify to this. At the same time, peak periods of public debt payments are expected in the second and third quarters. […]

Next
Shares of Intel fell after the report, as sales of chips for data centers were disappointing
News

Ukrzaliznytsia suffered record losses

Ukrzaliznytsia suffered record losses in less than 2020 – more than 11 billion hryvnias. At the same time, this year the company plans to make a profit of 3.5 billion. According to the Marlin project, Ukrzaliznytsia’s loss in the first three quarters of last year amounted to UAH 11.36 billion. Such results in UZ were […]

Next
Shares of Intel fell after the report, as sales of chips for data centers were disappointing
News

The Ministry of Justice won the lawsuit over the sale of Prominvestbank

The Kyiv Court of Appeal denied to Russia’s Vnesheconombank (VEB) in recognition of the decision of the arbitrator of the Arbitration Institute of the Stockholm Chamber of Commerce, which, at the request of VEB, the Ministry of Justice of Ukraine was obliged to stop the forced sale of 99.77% of Prominvestbank shares. The court agreed […]

Next
Shares of Intel fell after the report, as sales of chips for data centers were disappointing
News

The Germans are buying up sugar factories in Ukraine: the crisis in the industry is over?

Radekhivskyi tsukor company, which is the largest producer of this product in Ukraine, has closed a deal to acquire 6 sugar factories previously owned by the company T-Tsukor. We are talking about: Borshchivskyi, Buchatskyi, Zbarazhskyi, Kozovsky, Lanovetskyi and Khorostkovskyi sugar factories, which are located in the Ternopil region. It is reported by the source delo.ua. […]

Next
Shares of Intel fell after the report, as sales of chips for data centers were disappointing
News

The manufacturer of “Oleyna” opens a plant in Mykolaiv region

The “Bunge Ukraine” company launches a new oil-extraction plant in Mykolaiv region. The estimated capacity  is 2400 t / day. According to the “APK-Inform”,  as referred to the sources of  the company,  the “Bunge Ukraine” company plans to put into operation the oil-extraction plant in Mykolaiv region in the coming months. Currently, the pre-commissioning activities […]

Next
Shares of Intel fell after the report, as sales of chips for data centers were disappointing
News

Poland postponed the beginning of the exploration of gas in Ukraine

Polish oil and gas company PGNiG has postponed the start of gas exploration in Ukraine to the first half of 2021, said the head of the company Jerzy Kwentczycki. “PGNiG also intends to participate more actively in projects related to hydrocarbon production in Ukraine. The company plans to start exploring of the natural gas in […]

Next
Shares of Intel fell after the report, as sales of chips for data centers were disappointing
News

Tim Cook admits that he will step down as Apple’s director for 10 years

Apple CEO Tim Cook doubts that he will hold the post for another 10 years. He stated this in an interview published on Monday in The New York Times. Asked if he would head Apple during that time, Cook said: “Another 10 years. Probably not.” He added that now the specific time when he could […]

Next
Shares of Intel fell after the report, as sales of chips for data centers were disappointing
News

Bezos is no longer the richest man in the world: the owner of LVMH overtook him

LVMH CEO Bernard Arnault topped the list of the world’s richest people with a fortune of $ 186.3 billion, surpassing Amazon founder Jeff Bezos by $ 300 million. This was reported by Forbes. The top three also included Tesla and Space X chairman Elon Musk ($ 147.3 billion). According to the publication, Arno’s wealth increased […]

Next
Shares of Intel fell after the report, as sales of chips for data centers were disappointing
News

Lauffer Group will invest 14 million UAH in trade infrastructure

Lauffer Group will invest 14 million UAH in the expansion and reconstruction program of its own trading network. Lauffer Group continues to implement a program of expansion and renovation of its own sales network in Odessa, Kharkiv and Dnipropetrivsk regions, according to ProAgro. In 2015, Lauffer Group invested about  4.25 million UAH in the opening […]

Next
Shares of Intel fell after the report, as sales of chips for data centers were disappointing
News

Tesla shares soared 8% on delivery news in the second quarter

Tesla shares reached their new peak on Thursday jumping 7.95% to a price of $1208.66. The manufacturer of electric cars Tesla was rated as the world most expensive automaker (in terms of market capitalization), overtaking the world leader Toyota Motor. Since the beginning of the year, Tesla shares have risen by 189% having climbed 166% […]

Next
Shares of Intel fell after the report, as sales of chips for data centers were disappointing
News

The Moderna vaccine has been tested. It can be approved at an accelerated rate

Reuters reported, In Switzerland, the procedure of accelerated testing of Moderna vaccine has started. This will allow to approve the drug if it passes all clinical trials. “Swissmedic can get an initial idea of the benefits and risks of vaccine candidates before the study is completed. This speeds up the review process and at the […]

Next
Shares of Intel fell after the report, as sales of chips for data centers were disappointing
News

Volkswagen will cut thousands of employees in Germany

Volkswagen AG, Germany’s largest carmaker, plans to cut up to 5,000 jobs in Germany. Volkswagen has confirmed that the company has reached an agreement with the company’s board of employees, which provides for early or partial retirement of some employees. The company expects that about a thousand employees will choose early retirement. Volkswagen has not […]

Next
Shares of Intel fell after the report, as sales of chips for data centers were disappointing
News

“Ukrtransgaz” and Hungary’s FGSZ discussed expansion of cooperation

Operators of gas transportation systems in Ukraine and Hungary – PJSC “Ukrtransgaz” and FGSZ Zrt – discussed the principles of cooperation between the companies in 2016 and the prospects for its expansion. According to the press service of “Ukrtransgaz” with the Ukrainian side, the meeting, in particular, was attended by President Igor Prokop, First Vice-President […]

Next
Shares of Intel fell after the report, as sales of chips for data centers were disappointing
News

Australia will build the world’s largest power plant

The Guardian reported that Sun Cable has announced the construction of the world’s largest solar panel power plant worth $ 20 billion. It will be located between the Australian cities of Darwin and Alice Springs, and its capacity will be 10 GW. The project plan has already been submitted to the Environmental Protection Office of […]

Next
Shares of Intel fell after the report, as sales of chips for data centers were disappointing
News

Visa and JPMorgan Chase are launching apps for contactless payment system for sellers

On Tuesday, JPMorgan Chase announced the launch of its mobile payment service QuickAccept, and on Wednesday, Visa launched its application called Tap to Phone. The purpose of both programs is to offer sellers an easy way to accept contactless payments from customers via a smartphone or tablet. According to Visa, in the context of the […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com