(Bloomberg) -- Intel Corp. shares climbed for a fifth
day after analysts at UBS AG and JPMorgan said the world's
biggest chipmaker may report second-quarter sales at the high-end
of the company's own forecast.
Intel may post revenue of $8.6 billion in the period ended
June, above the midpoint of the company's April forecast of $8.2
billion to $8.8 billion, according to UBS. Analysts led by Uche
Orji raised their 12-month share-price forecast by $3 to $30,
saying the stock will also get a boost as Intel expands its gross
margin, the percentage of sales left after production costs.
Read more at Bloomberg Stocks News
day after analysts at UBS AG and JPMorgan said the world's
biggest chipmaker may report second-quarter sales at the high-end
of the company's own forecast.
Intel may post revenue of $8.6 billion in the period ended
June, above the midpoint of the company's April forecast of $8.2
billion to $8.8 billion, according to UBS. Analysts led by Uche
Orji raised their 12-month share-price forecast by $3 to $30,
saying the stock will also get a boost as Intel expands its gross
margin, the percentage of sales left after production costs.
Read more at Bloomberg Stocks News
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