2023-07-27 23:10:02
Intel
The US chip manufacturer has presented quarterly figures.
(Photo: dpa)
The US chip manufacturer Intel has posted a decline in sales for the sixth consecutive quarter due to weak demand. With 15 percent to 12.9 billion dollars, the minus was not quite as big as analysts had feared. Adjusted earnings halved to 13 cents per share, but analysts had expected a loss here.
For the current quarter, the group forecast sales of between 12.9 and 13.9 billion dollars and earnings per share of 20 cents on Thursday after the US stock exchange closed, both of which also exceeded the expectations of market observers.
The shares rose eight percent in after-hours trading.
The market for PCs, for which Intel mainly produces, collapsed last year after the end of the pandemic because people had stocked up on computers and other electronic devices for home office and pastime. There are now indications that the market is bottoming out: In the second quarter, the worldwide PC market shrank by only 11 percent compared to 30 percent in each of the two previous quarters.
More: How Magdeburg is preparing for the chip boom
#Decline #sales #profits #smaller #feared