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Stock Market News

Intel beats quarterly sales estimate

04/28/2022

Less than a minute

2022.04.28 23:12

Intel beats quarterly sales estimate
FILE PHOTO: The Intel Corporation logo is seen on a display in a store in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly

(Reuters) – Chipmaker Intel Corp (NASDAQ:INTC) beat first-quarter revenue expectations on Thursday, driven by strong demand for processors used in data centers on the back of a rapid global shift to cloud and artificial intelligence technology.

Adjusted revenue for the quarter was $18.4 billion, compared with analysts’ average estimate of $18.31 billion, according to IBES data from Refinitiv.

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04/28/2022

Less than a minute