Friday, 24 March, 2023

Intel's Q2 profit forecast falls short of analysts expectations

<p>Intel, riding on the booming demand for PCs, raised its revenue and profits forecast for 2021 to $72.5 bn and $4.60 per share, respectively against the analyst estimates of $72.32 bn and $4.58 per share. The chipmaker also changed the forecast for second-quarter revenue and profits of $17.8 bn and $1.05 per share. Though the sales estimate is above analyst estimates of $17.59 bn, but profits are below estimates of $1.09 per share.</p>