Intel’s quarterly revenue tops estimates as investors await new CEO

Intel on Thursday posted December-quarter results that beat analysts’ low expectations, while its forecast for current-quarter revenue missed estimates as the chipmaker grapples with tepid demand for its data center chips and as investors wait for a new CEO.

Shares of the Santa Clara, California-based company climbed 3.8 per cent in after-hours trading. Last year, Intel’s shares lost about 60 per cent.