Intel issues weak forecast, citing seasonality and an uncertain economy
Intel(INTC) CNBC·2025-01-31 05:04
Michelle Johnston Holthaus, Intel's co-CEO and then executive vice president and general manager of the company's Client Computing Group, holds a Intel Core Ultra processor as she speaks during the Intel AI Everywhere event in New York on Thursday, Dec. 14, 2023.Intel issued disappointing quarterly guidance on Thursday, but reported earnings and revenue that topped estimates.Here's how the company did in the fourth quarter compared with LSEG estimates:Earnings per share: 13 cents adjusted vs. 12 cents expec ...