Thursday, June 20, 2019
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Intel results for Spotlight PC and Cloud Outlook

Intel Corp. is expected to post first-quarter earnings after the market closes on Thursday. The results came when the company announced its exit from the 5G smartphone modem business, coping with lower demand for its data center chips and struggling to meet demand for its PC chips. The following is expected:

RESULTS OF ACTION: Analysts interviewed by FactSet expect Intel to report an adjusted earnings of 87 cents per share. This corresponds to the amount of the previous year's quarter. The company reported $ 4.45 billion in net revenue for the first quarter …

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