Intel Tops Raised Q2 Earnings Estimates, Sets Buyback

By | July 15, 2014

Scalper1 News

Intel late Tuesday beat recently raised Q2 earnings estimates and gave bullish guidance, thanks to strong business PC demand. The chip giant also said that it will buy back $20 billion in stock. Shares jumped 4% in after-hours trading. During the regular session, Intel (INTC) rose 0.7% to 31.71 after hitting a 10-year high of 31.80 intraday. Intel earned 55 cents a share in its June quarter, up 41% vs. a year earlier. Sales rose 8% to $13.83 Scalper1 News

Scalper1 News