The wider tech industry, it is likely that the impetus to get the results of which are Intel, said analyst Crawford Del Prete International Data Corp. "It is clear that Intel has a lot of firming demand," he said in an interview. "This is good news for the industry."
Shares of other tech companies were also facing more and more of Wednesday noon, one of Intel's arch-competitor, Advanced Micro Devices (AMD), as well as the software behemoth Microsoft Corp.. (MSFT).
After the bell Tuesday, Intel announced a second quarter loss of 398 million, or 7 cents per share, compared with profit of 1.6 billion dollars, or 28 cents per share, a year-earlier period.
Revenue was U.S. $ 8 billion, with 9.5 billion dollars at the same time last year. Adjusted earnings, which excludes the impact of the sentence imposed by the European Commission, was 18 cents per share. The company reported 1.45 billion dollars, which is related to the amount of the fine.
Analysts expect Intel reported earnings of 8 cents per share on revenue of $ 7.3 billion to a poll by the Consensus FactSet Research.
For the current quarter, Intel said that the expected revenue of $ 8.5 billion, plus or minus 400 million dollars. Analysts expect the company's report on the sale of 7.8 billion dollars to FactSet.
Broad Point Amtech analyst Doug Freedman said Intel posted the "high" results, which highlighted strong revenue. He said that, it seems that the company is a major benefit, and that consumer demand is likely to benefit from the expected business demand for pickup.
Revenue performance has been great, "Freedman commented.
Intel continues to see weakness in the market. Otellini said the company PC volumes are still weak, "however, that sales of server processors were better than expected.
The company has also received a boost to demand in Asia and the Pacific, particularly China, where the incentive programs will continue to create a meaningful increase in the PC market, "Otellini told analysts. However, the recovery of markets in Europe are behind trends in the U.S. and China, he added.
Otellini said in its statement that the company's results, "reflects the improvement of conditions for the segment of the personal computer market, our first in the second quarter, the strongest growth since 1988, and clear expectations for the seasonally stronger second half."
Shares of other tech companies were also facing more and more of Wednesday noon, one of Intel's arch-competitor, Advanced Micro Devices (AMD), as well as the software behemoth Microsoft Corp.. (MSFT).
After the bell Tuesday, Intel announced a second quarter loss of 398 million, or 7 cents per share, compared with profit of 1.6 billion dollars, or 28 cents per share, a year-earlier period.
Revenue was U.S. $ 8 billion, with 9.5 billion dollars at the same time last year. Adjusted earnings, which excludes the impact of the sentence imposed by the European Commission, was 18 cents per share. The company reported 1.45 billion dollars, which is related to the amount of the fine.
Analysts expect Intel reported earnings of 8 cents per share on revenue of $ 7.3 billion to a poll by the Consensus FactSet Research.
For the current quarter, Intel said that the expected revenue of $ 8.5 billion, plus or minus 400 million dollars. Analysts expect the company's report on the sale of 7.8 billion dollars to FactSet.
Broad Point Amtech analyst Doug Freedman said Intel posted the "high" results, which highlighted strong revenue. He said that, it seems that the company is a major benefit, and that consumer demand is likely to benefit from the expected business demand for pickup.
Revenue performance has been great, "Freedman commented.
Intel continues to see weakness in the market. Otellini said the company PC volumes are still weak, "however, that sales of server processors were better than expected.
The company has also received a boost to demand in Asia and the Pacific, particularly China, where the incentive programs will continue to create a meaningful increase in the PC market, "Otellini told analysts. However, the recovery of markets in Europe are behind trends in the U.S. and China, he added.
Otellini said in its statement that the company's results, "reflects the improvement of conditions for the segment of the personal computer market, our first in the second quarter, the strongest growth since 1988, and clear expectations for the seasonally stronger second half."
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