Intel’s revenue increased 19 percent year-over-year according to a statement, which is stronger than the 2 percent growth in the third quarter of 2017. This is stronger than the growth of 2 percent in the third quarter of 2017. For the future, Intel forecast earnings of $1.22 per share with revenues of $19 billion in the fourth quarter. Analysts expected fourth-quarter earnings of $1.09 per share with revenue of $18.39 billion.
Intel’s largest business segment, the Client Computing Group, generated revenues of $10.23 billion in the second quarter, significantly exceeding the FactSet analyst consensus of $9.33 billion. Intel’s second-largest segment, the Data Center Group, had revenues of $6.14 billion, compared to an estimated $5.89 billion. And Intel’s Non-Volatile Memory Solutions Group generated an estimated $1.14 billion in revenue and $1.08 billion in revenue.
The company’s shares fell 3.2 percent this year, while most major technology companies made profits and Nasdaq grew 6.6 percent. Brian Krzanich stepped down as CEO in June and Intel was looking for his replacement. Meanwhile, the company has delayed the deployment of the technology for future generations of chips, despite driving 10-nanometer chips that are expected to be more energy efficient than previous processors.
The status of the 10-nanometer process is likely to be of key importance to analysts at the conference call, along with the search for the CEO, the growth opportunities in the data center market and the gross profit potential in 2019. In terms of the 7-nanometer process, the company has invested in that process and the investment rate that makes it the “test” of the technology would be taken into account next year.
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