Intel’s net profit for 9 months increased by 6.3%

News

Intel’s net profit for 9 months increased by 6.3%

26.10.2020 News

Net profit of the American company Intel, one of the world’s largest manufacturers of computer components, in the first nine months of 2020, which ended on September 26, rose from 6.3% to $ 15.042 billion, according to the company press release.

Adjusted earnings per share for the reporting period were $ 3.52 against $ 3.14 in 2019. The company’s revenue was $ 57.889 billion, up to 12% from the last year.

In the third quarter, Intel’s net profit fell from 28.6% to $ 4.276 billion. Adjusted earnings per share for the reporting period were $ 1.02 against to $ 1.35 last year. The company’s revenue amounted to 18.333 billion dollars, which is 4.5% lower year on year.

It is noted that revenue in the third quarter exceeded the company’s expectations due to increased sales of laptops, which helped to neutralize the negative effects caused by COVID-19.

The company expects to receive the revenue of $ 75.3 billion and earnings per share of $ 4.55. In the fourth quarter, the company forecasts revenue of $ 17.4 billion and earnings per share of $ 1.02. At the previous auction, the company’s shares fell by 9%.

Other articles

  • Exxon Mobil announces record depreciation of its gas assets by $ 20 billion
    News

    Exxon Mobil announces record depreciation of its gas assets by $ 20 billion

    The American oil and gas giant Exxon Mobil had one of the worst years in its history. Exxon shares have fallen by 45.36% since the beginning of 2020. The company has lost money for three quarters in a row, and in August they were excluded from the benchmark index of “blue chips” Dow Jones Industrial […]

  • Johnson & Johnson plans to complete the third phase of trials of the COVID-19 vaccine in January
    News

    Johnson & Johnson plans to complete the third phase of trials of the COVID-19 vaccine in January

    Johnson & Johnson plans to complete the third phase of trials of its single-dose vaccine against COVID-19 in mid-January 2021. Paul Stoffels, vice chairman of the executive committee, senior scientific expert at Johnson & Johnson said they plan to deliver to market 1 billion doses. “We are in the middle of the third phase of […]

  • Pfizer and BioNTech have applied for registration of the COVID-19 vaccine in Europe
    News

    Pfizer and BioNTech have applied for registration of the COVID-19 vaccine in Europe

    The American company Pfizer and the German BioNTech have applied to the European Medicines Agency for registration of their coronavirus vaccine. The announcement was published on the BioNTech website. “On Monday, November 30, Pfizer and BioNTech filed a formal application with the European Medicines Agency for a conditional authorization to use their COVID-19 candidate vaccine […]

  • The NBU has not intervened on the interbank market for three weeks
    News

    The NBU has not intervened on the interbank market for three weeks

    The National Bank did not go out this week with interventions on the interbank market, according to the press service of the regulator on Friday, November 27. The Central Bank has been refusing to buy or sell currency for three weeks in a row. At the same time, since the beginning of the year, the […]

  • WHO has announced a new record weekly increase in COVID-19 cases
    News

    WHO has announced a new record weekly increase in COVID-19 cases

    Last week, from November 16 to 22, more than 4 million people in the world became infected with the new type of coronavirus, which is a record number since the beginning of the pandemic. This was announced on Tuesday, November 24, the press service of the World Health Organization. According to the WHO, in these […]

  • Financial Times reported fall of a dollar to 20%
    News

    Financial Times reported fall of a dollar to 20%

    With the appearance of an effective vaccine against coronavirus and the subsequent recovery of the world economy, the US dollar may fall by 20%. This was reported by the Financial Times. It is noted that banks, which already had negative forecasts for the dollar next year, deteriorated expectations against the background of the emergence of […]

  • Citigroup predicted the dollar to fall by 20% next year
    News

    Citigroup predicted the dollar to fall by 20% next year

    If coronavirus vaccines become widely available and help restore international trade and economic growth, the dollar is likely to fall by 20% in 2021. Bloomberg reports that this forecast was made by Citigroup Bank. If the forecast comes true, it will be a record drop since 1985, when the DXY index fell by 18.5% over […]

  • BioNTech and Pfizer report successful third phase of coronavirus vaccine clinical trials
    News

    BioNTech and Pfizer report successful third phase of coronavirus vaccine clinical trials

    BioNTech from Mainz and US pharmaceutical giant Pfizer have announced the successful third phase of clinical trials of the vaccine from COVID. The company said in a statement that registration is expected in November. According to the release, the third phase of clinical trials of BNT162b2 showed its effectiveness by more than 90% among trial […]

Read also

Intel’s net profit for 9 months increased by 6.3%
News

Prada restructures business because of low sales

The famous Italian fashion house Prada has decided to make adjustments  of the management of its business  because of the fact that the company’s sales began to fall. General Director of Prada Patrizio Bertelli  is going to re-equip production and hold a business restructuring. At the end of 2013 the company’s revenues declined, while management […]

Next
Intel’s net profit for 9 months increased by 6.3%
News

Norway will invest $ 362 thousand in the agro-industrial complex of Ukraine

Ukraine has made great efforts to create a new development strategy of its agri-food sector. Norway helps to bring this strategy to life by funding a project of the Food and Agriculture Organization (FAO). It is reported by the press service of the FAO. Norway’s contribution of $ 362 thousand will enable FAO to provide […]

Next
Intel’s net profit for 9 months increased by 6.3%
Analytics

Walnut Garden – a Long-term Investment

Gardening is a purely European business by mentality as it means long-term investments and a completely transparent process. Walnut is a financial pearl of this industry. A walnut garden of only 1 hectare yields more than 1.2 million UAH per year. A walnut garden is an investment in the future and long-term well-being, as one […]

Next
Intel’s net profit for 9 months increased by 6.3%
News

Biopharma is going to invest $ 12 million in its development in 2016

In 2015, the company built a plant for the production of probiotics, conducted a reconstruction of the station for a blood transfusion, as well as invested in the development of new drugs. The Pharmaceutical company Biopharma (Kiev region) intends to keep the volume of investments in development at the level of 2015 – $ 12 […]

Next
Intel’s net profit for 9 months increased by 6.3%
News

What social projects are supported by business

LDaily decided to conduct a survey among the companies working in Ukraine to find out what social projects they support and why.       Anastasia Voitkevych, Head of Corporate Communications & Social Responsibility, Winner Group Ukraine Winner CSR has two focus areas — Charity and Responsible Business. Charity is philanthropy, Winner’s and its leadership’s […]

Next
Intel’s net profit for 9 months increased by 6.3%
News

The Cabinet of Ministers denied the statement about toll roads

Infrastructure Minister Oleksandr Kubrak denied his deputy Anna Yurchenko’s statement about toll roads in Ukraine. The day before, she said that six such roads are planned to be built in Ukraine and called the estimated cost of travel on them. “I will explain why this information is not true, and what is really happening,” Kubrak […]

Next
Intel’s net profit for 9 months increased by 6.3%
News

Gazprom has delivered a record amount of gas to Turkey

In 2021, Russia’s Gazprom supplied 20.3 billion cubic meters of gas to Turkey, which is the maximum figure in less than nine months. This was reported by the company’s press service following a meeting of its chairman Alexei Miller with Turkish Minister of Energy and Natural Resources Fatih Donmez on Monday, September 20. At the […]

Next
Intel’s net profit for 9 months increased by 6.3%
News

Countries of the Baltic have moved to the economic sanctions against Belarus

Lithuania, Latvia and Estonia have refused to use the Belarusian electricity. This was reported by the Interfax news agency. According to the agency, the governments of the Baltic countries have developed a common methodology for the electricity trade. It means that electricity supplied to Lithuania, Latvia and Estonia should not be produced in Belarus. Imported […]

Next
Intel’s net profit for 9 months increased by 6.3%
News

The NBU has minimized the purchase of currency on the interbank market

During the last working week, the National Bank of Ukraine bought $ 20 million on the interbank foreign exchange market. At the same time, the central bank did not sell currency on the interbank market. The press service of the NBU announced this on Friday, October 1. Thus, the National Bank continued to buy currency […]

Next
Intel’s net profit for 9 months increased by 6.3%
News

The Ukrainian budget consists half of loans

During the first six months of 2021, the Ministry of Finance attracted UAH 257.8 billion in loans or 76.6% of the plan from the state budget. This was reported on the website of the department on Friday, July 2. UAH 211.4 billion was attracted to the budget from the placement of IGLBs, including UAH 59.7 […]

Next
Intel’s net profit for 9 months increased by 6.3%
News

The UN has estimated the scale of the decline in world trade in 2020

Global trade turnover in 2020 will decrease by 7-9%. This was announced on Wednesday, October 21, by the RBC-Ukraine news agency with reference to the report of the UN Conference on Trade and Development UNCTAD. The decline in trade has occurred in all regions of the world due to quarantine restrictions, the report said. They […]

Next
Intel’s net profit for 9 months increased by 6.3%
News

PayPal company has announced the “strongest quarter” in its history

Shares of PayPal, increased up to 70.7% since the beginning of the year, continued to rise after the announcement of the financial results of the 2nd quarter which ended on June 30. This is not surprising given the growth of digital payments against the background of the global pandemic COVID-19. “The world has moved into […]

Next
Intel’s net profit for 9 months increased by 6.3%
News

Virgin Galactic has announced a research flight

Richard Branson’s aerospace company Virgin Galactic has announced a contract for a special research flight by Kelly Gerard, a member of the International Space Institute (IIAS). The astronaut will conduct experiments and test new health technologies while in space. The company’s shares in the premarket rose 7.61% to $ 33.5. “Much of our mission is […]

Next
Intel’s net profit for 9 months increased by 6.3%
News

Airbus will lay off 15,000 employees due to the quarantine

European airline Airbus will lay off 15,000 employees worldwide due to the restoration of the quarantine restrictions on the flights. This was stated by the Airbus Chief Operating Officer Michael Schollhorn. Prospects for the aviation industry deteriorated again due to the growing number of the coronavirus infections, he said. According to Schollhorn, the situation in […]

Next
Intel’s net profit for 9 months increased by 6.3%
News

Shares in the Chinese markets are falling rapidly after a brokerage scandal

Shares continue to fall in the Chinese stock market. Two major Chinese exchanges experienced a sharp decline in prices. One reason for this is the fact of fraud in the local exchange market. It will be recalled that, that the employees of the two major Chinese exchanges in the summer of 2015 are under investigation. […]

Next
Intel’s net profit for 9 months increased by 6.3%
News

Dr. Reddy’s plans to expand business in Ukrainian market

Indian Pharmaceutical Manufacturers Association unites the representatives of Indian pharmaceutical companies in Ukraine.  The executive vice president of the Dr. Reddy’s  M. V.  Ramana  pointed out that Ukraine is one of the key markets in which the activity of the company  is focused. International pharmaceutical company Dr. Reddy’s (India) remains optimistic about the Ukrainian pharmaceutical […]

Next