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Intel Shares Jump Over 3% As It Announces $10B Stock Buyback Plan
Wednesday, August 19, 2020 - 10:29pm | 383Intel Corporation (NASDAQ: INTC) shares jumped in the after-hours session Wednesday as the company said it was entering into accelerated share repurchase agreements to buy a total of $10 billion of the company’s common stock. What Happened Upon the completion of the agreements, the...
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Intel, AMD Say They're Operating Near Capacity Despite Coronavirus Disruptions
Monday, March 23, 2020 - 3:51pm | 617Even as the sell-side debates the extent of the damage the COVID-19 pandemic will inflict on chipmakers, Intel Corporation (NASDAQ: INTC) and Advanced Micro Devices, Inc. (NASDAQ: AMD) appear to be going strong in the face of the adversity. AMD, Intel Say Supply To Keep Pace With Rising...
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Intel Soars On Q3 Earnings Beat
Thursday, October 24, 2019 - 4:13pm | 227Intel Corporation (NASDAQ: INTC) shares are moving higher after reporting a third-quarter earnings beat. Adjusted earnings came in at $1.42, beating estimates by 18 cents. Sales came in at $19.2 billion, beating estimates by $1.15 billion. The company raised full-year sales guidance from $69.5...
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Intel CEO Talks Apple Deal, China In CNBC Interview
Thursday, August 1, 2019 - 3:31pm | 402Intel Corporation (NASDAQ: INTC) CEO Bob Swan said in a CNBC interview the company's decision to sell its modem business to Apple Inc. (NASDAQ: AAPL) was based on its view that only serving Apple was "unattractive." 5G Strategy Intel's largest opportunity within the 5G universe is...
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Qualcomm CFO Leaves To Join Rival Intel
Wednesday, April 3, 2019 - 9:52am | 357QUALCOMM, Inc. (NASDAQ: QCOM), which is entangled in a legal mess with several of its tech peers, now has another rivalry issue to contend with, as Intel Corporation (NASDAQ: INTC) poached one of its top executives. Qualcomm announced late Tuesday that CFO George Davis, who has had a six-year...
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Intel Shares Drop On Q4 Sales, Q1 Guidance Miss
Thursday, January 24, 2019 - 5:15pm | 273Intel Corporation (NASDAQ: INTC) shares fell in after-hours trading after reporting fourth-quarter earnings. The company reported fourth-quarter adjusted earnings of $1.28 per share, beating estimates by 6 cents. Fourth quarter GAAP sales came in at $18.7 billion, which may not compare to the...
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Intel CEO Touts Exposure To $300B Market
Friday, January 11, 2019 - 1:12pm | 380Investors looking at Intel Corporation (NASDAQ: INTC) as a legacy company with 90-percent market share in the PC market may want to listen to what interim CEO Bob Swan told CNBC's Jim Cramer Thursday. What Happened Under prior leadership teams, Intel operated under the belief it has a near 100-...
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Intel CEO Resigns After Discovery Of Relationship With An Employee
Thursday, June 21, 2018 - 9:23am | 327Intel Corporation (NASDAQ: INTC) CEO Brian Krzanich resigned Thursday and was immediately supplanted by CFO Robert Swan as interim CEO. After five years in leadership, Krzanich, who also resigned from the board of directors, had been found to have violated Intel policy by having a past consensual...
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JP Morgan Upgrades eBay to Overweight
Friday, July 20, 2012 - 12:06pm | 395Benzinga reported on Friday morning that internet auction site eBay (NASDAQ: EBAY) was upgraded from Neutral to Overweight and the price target was increased from $39 to $50 by J.P. Morgan. JP Morgan noted, "We are upgrading shares of eBay from Neutral to Overweight and raising our PT from $39 (...