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Intel forecasts second-quarter revenue above expectations

Credit: REUTERS/Stephen Nellis

April 22, 2021 — 04:02 pm EDT

Written by Chavi Mehta for Reuters ->

April 22 (Reuters) - Chipmaker Intel Corp INTC.O forecast second-quarter revenue above Wall Street targets on Thursday, betting on demand for its new generation of processors for data centers and PCs as cloud-based services become an integral part of businesses.

The company expects second-quarter revenue of about $17.8 billion, compared to analysts' average estimate of $17.59 billion, according to IBES data from Refinitiv.

(Reporting by Chavi Mehta in Bengaluru; Editing by Arun Koyyur)

((Chavi.Mehta@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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