SHARE

Intel, Yahoo Ease Slowdown Fears

Fears of an economic slowdown eased on Tuesday after a number of top tech companies reported strong earnings. Intel beat estimates soundly after the bell, with earnings of 34 cents a share on sales of $9.4 billion, driven by strong mobile chip sales. Gross margins of 59% also topped forecasts. The chip giant’s second quarter […]

Written By

Paul Shread

Apr 20, 2005

Datamation content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More

Fears of an economic slowdown eased on Tuesday after a number of top tech companies reported strong earnings.

Intel beat estimates soundly after the bell, with earnings of 34 cents a share on sales of $9.4 billion, driven by strong mobile chip sales. Gross margins of 59% also topped forecasts. The chip giant’s second quarter revenue guidance of $8.6-$9.2 billion compared favorably to $8.91 billion estimates, and the company had a pleasant surprise for chip equipment makers, raising its capital spending outlook to $5.4-$5.8 billion from $4.9-$5.3 billion.

Shares of Intel rose 3% after hours.

Yahoo also got a boost after hours, beating estimates with 13-cent earnings and $821 million net revenues. That was good for a 5% gain after hours, and Google also rose on Yahoo’s strong search revenues. Juniper also topped forecasts.

Stocks rose during the day on strong results from Texas Instruments , EMC and Lucent , and a tame wholesale inflation report also helped.

The Nasdaq surged 19 to 1932, the S&P 500 gained 6 to 1152, and the Dow climbed 56 to 10,127. Volume declined to 2.13 billion shares on the NYSE, and 1.86 billion on the Nasdaq. Advancers led 24-8 on the NYSE, and 21-9 on the Nasdaq. Upside volume was 74% on the NYSE, and 77% on the Nasdaq. New highs-new lows were 18-67 on the NYSE, and 29-116 on the Nasdaq.

Texas Instruments, EMC and Lucent surged on their earnings reports.

ADC Telecom , Adtran , Sybase , Sonus and CDW rose on their results, while Novellus , Lionbridge and J2 Global finished lower on their reports.

Ethics and Artificial Intelligence: Driving Greater Equality

FEATURE | By James Maguire,
December 16, 2020
AI vs. Machine Learning vs. Deep Learning

FEATURE | By Cynthia Harvey,
December 11, 2020
Huawei’s AI Update: Things Are Moving Faster Than We Think

FEATURE | By Rob Enderle,
December 04, 2020
Keeping Machine Learning Algorithms Honest in the ‘Ethics-First’ Era

ARTIFICIAL INTELLIGENCE | By Guest Author,
November 18, 2020
Key Trends in Chatbots and RPA

FEATURE | By Guest Author,
November 10, 2020
Top 10 AIOps Companies

FEATURE | By Samuel Greengard,
November 05, 2020
What is Text Analysis?

ARTIFICIAL INTELLIGENCE | By Guest Author,
November 02, 2020
How Intel’s Work With Autonomous Cars Could Redefine General Purpose AI

ARTIFICIAL INTELLIGENCE | By Rob Enderle,
October 29, 2020
Dell Technologies World: Weaving Together Human And Machine Interaction For AI And Robotics

ARTIFICIAL INTELLIGENCE | By Rob Enderle,
October 23, 2020
The Super Moderator, or How IBM Project Debater Could Save Social Media

FEATURE | By Rob Enderle,
October 16, 2020
Top 10 Chatbot Platforms

FEATURE | By Cynthia Harvey,
October 07, 2020
Finding a Career Path in AI

ARTIFICIAL INTELLIGENCE | By Guest Author,
October 05, 2020
CIOs Discuss the Promise of AI and Data Science

FEATURE | By Guest Author,
September 25, 2020
Microsoft Is Building An AI Product That Could Predict The Future

FEATURE | By Rob Enderle,
September 25, 2020
Top 10 Machine Learning Companies 2021

FEATURE | By Cynthia Harvey,
September 22, 2020
NVIDIA and ARM: Massively Changing The AI Landscape

ARTIFICIAL INTELLIGENCE | By Rob Enderle,
September 18, 2020
Continuous Intelligence: Expert Discussion [Video and Podcast]

ARTIFICIAL INTELLIGENCE | By James Maguire,
September 14, 2020
Artificial Intelligence: Governance and Ethics [Video]

ARTIFICIAL INTELLIGENCE | By James Maguire,
September 13, 2020
IBM Watson At The US Open: Showcasing The Power Of A Mature Enterprise-Class AI

FEATURE | By Rob Enderle,
September 11, 2020
Artificial Intelligence: Perception vs. Reality

FEATURE | By James Maguire,
September 09, 2020

SEE ALL
ARTICLES

Paul Shread

Paul Shread has covered nearly every aspect of enterprise technology in his 20+ years in IT journalism, including an award-winning series on software-defined data centers. He wrote a column on small business technology for Time.com, and covered financial markets for 10 years, from the dot-com boom and bust to the 2007-2009 financial crisis. He holds a market analyst certification.

Intel, Yahoo Ease Slowdown Fears

Paul Shread

Recommended for you...

Company

Categories

Intel, Yahoo Ease Slowdown Fears

RELATED NEWS AND ANALYSIS

Paul Shread

Recommended for you...

Company

Categories