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Intel shares sink as executives give three-year outlook [Reuters (UK)]

Intel Corporation (INTC)  More Company Research Source: Reuters
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Intel shares sink as executives give three-year outlook - Reuters 1 Min Read SAN FRANCISCO (Reuters) - Intel Corp shares declined 2.5 percent after executives gave their three-year outlook at an investor day on the company’s Santa Clara, California campus. Chief Executive Bob Swan said the company sees both revenue and earnings per share growing in the “single digit” percentage range over the next three years, with flat PC chip sales offset by “double digit” percentage revenue growth in data center chips. Swan also said operating margins would remain relatively steady at 32 percent, but that gross margins would decline as the company ramps up its 10-nanometer chip-making technology, which makes chips faster by making their features smaller. Intel was once the dominant maker of processors for personal computers and has sought to expand its data center chip business as PC sales stagnated. The company’s shares dropped to $49.24 after the announcements. Reporting by Stephen Nellis in San [Read more]
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Stockreport

Intel shares sink as executives give three-year outlook [Reuters (UK)]

Intel Corporation  (INTC) 
More Company Research Source: Reuters
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Intel shares sink as executives give three-year outlook - Reuters 1 Min Read SAN FRANCISCO (Reuters) - Intel Corp shares declined 2.5 percent after executives gave their three-year outlook at an investor day on the company’s Santa Clara, California campus. Chief Executive Bob Swan said the company sees both revenue and earnings per share growing in the “single digit” percentage range over the next three years, with flat PC chip sales offset by “double digit” percentage revenue growth in data center chips. Swan also said operating margins would remain relatively steady at 32 percent, but that gross margins would decline as the company ramps up its 10-nanometer chip-making technology, which makes chips faster by making their features smaller. Intel was once the dominant maker of processors for personal computers and has sought to expand its data center chip business as PC sales stagnated. The company’s shares dropped to $49.24 after the announcements. Reporting by Stephen Nellis in San [Read more]
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INTC
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Price Change %
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%
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Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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Low:
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%
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%
PRICE CHANGE
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%
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TICKS
AVG SHARES PER TRADE
EVENT DAY
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PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS