The Traderszone Network

Published in TZ Latest News 12 June, 2014 by The TZ Newswire Staff

Intel raises outlook on stronger PC demand, shares jump

Chipmaker Intel Corp (INTC.O) on Thursday raised its outlook for the second quarter and the full year, citing stronger-than-expected demand for personal computers used by businesses. Shares of Intel jumped more than 4 percent in extended trade as the chipmaker’s improved forecast lifted hopes for a PC industry that been shrinking due to consumers’ preferences for tablets and smartphones. Intel said it now expects second-quarter revenue of $13.7 billion, plus or minus $300 million. Intel had previously forecast revenue of $13 billion, plus or minus $500 million.