Intel Rises 5.5% After-Hours On Raised Q2 And Full-Year Revenue Expectations
After ending regular trading all but flat today, Intel is up 5.47 percent after-hours on the strength of new guidance for its second quarter and full-year revenue, and a slight change to its gross margin.
For the second quarter, Intel expects revenue of $13.7 billion, plus
or minus $300 million. This is greater than its prior expectation of $13
billion, plus or minus $500 million. So, on the top and bottom, Intel
could see revenue of $14 billion in the second quarter, up from its
lowest prior guidance band of $12.5 billion.
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