Categories: Tech & Auto

Intel shares up nearly 10% after third quarter profit beat

LONDON (Reuters) -Intel shares rose nearly 10% in Frankfurt on Friday, a day after the company beat expectations for its third quarter profit helped by dramatic cost cutting measures. The results were the company's first earnings announcement after multibillion-dollar investments from Nvidia and Japan's SoftBank as well as an unprecedented U.S. government stake, with investors anticipating a major cash boost. Its shares rose around 7% in U.S. after hours trading on Thursday, and rose 9.7% in Frankfurt on Friday. (Reporting by Alun John, editing by Joice Alves)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Share
Published by
Indianews Syndication

Recent Posts

A hot mess, 'Supergirl' has a rowdy spirit but a too-terrestrial plot

She’s shotgunning booze with her super-dog, then a metal-studded monster and a braid-tight 13-year-old drag…

1 hour ago

Who Is satish Sanpal? The Most Prominent Luxury Businessman of Dubai

Whenever someone searches for famous businessmen in Dubai, one thing which emerges on top is…

2 hours ago

St. George’s University Announces August Intake for Indian Students

Bengaluru (Karnataka) [India], June 25: St. George’s University School of Medicine (SGU) in Grenada, West Indies,…

3 hours ago

TradeFlock Launches List of the Best Education Leaders in India 2026

Noida (Uttar Pradesh) [India], June 24: In today’s evolving landscape, India’s education sector is facing…

4 hours ago