This article is more than 1 year old

Wall Street predicts Intel boost

Results expected to be just fine and dandy

Two major brokers are forecasting good financial results from Intel for its Q2 financial figures. The results will be released after Wall Street closes this evening, at 21.30 UK time. Both Goldman Sachs and Gruntal are recommending Intel shares as a strong buy, with the latter forecasting a share price of $85 in the offing. Two weeks ago, Intel's share price stood at $50 but has risen steadily since that time, to close slightly down at just over $65½ yesterday. Both revenues and profits are expected to rise in Q2. ®

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