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Bloomberg Businessweek

Instant Reaction: Intel's Revenue Shatters Wall Street Estimates

July 23 · 17 min · 16.9 MB
0:00-17:36

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Intel surged in late trading after the chipmaker’s revenue forecast shattered estimates, indicating that booming data center spending is helping fuel a long-awaited turnaround. Sales will be $15.8 billion to $16.8 billion in the third quarter, the company said Thursday in a statement. Even the low end of that range would easily clear the $15.1 billion average analyst estimate.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:

  • Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research
  • Ed Ludlow, Bloomberg Tech co-host

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