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Despite chip supply problems, Intel posts record revenue, buoying shares

Bob Swan, earnings, financials, full year, guidance, Infra, Intel, Intel stock, News, Q3, revenue, Technology NEWS, third quarter, Top Stories, Top Story 2 / Good To SEO

Intel Corp. is enjoying a bit of the limelight today after posting strong third-quarter earnings and guidance for the next three months that easily beat expectations. The chipmaker reported a profit before certain costs such as stock compensation of $1.42 per share on record quarterly revenue of $19.2 billion. That was well ahead of Wall Street’s expected […]

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Xilinx slumps on weak guidance due to Huawei ban

Computer chipmaker Xilinx Inc. spooked investors today after saying its current-quarter revenue will likely fall well short of expectations. The company said it’s expecting third quarter revenue of between $710 million to $740 million, some way short of Wall Street’s forecast of $844.9 million. The reason? The ongoing trade war between the U.S. and China,