Intel PC chip sales rise, but profit forecast falls short on manufacturing costs

3 years ago
Anonymous $4BDEsVAtYS

https://www.reuters.com/article/us-intel-results/intel-pc-chip-sales-rise-but-profit-forecast-falls-short-on-manufacturing-costs-idUSKBN2C92R8

(Reuters) -Intel Corp on Thursday raised its annual sales outlook on booming demand for personal computers, but its second-quarter profit forecast fell short of analyst expectations as the company spends heavily to get its manufacturing operations back on track and catch up to rivals with faster chips.