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Intel's revenue forecast disappoints as investors await new CEO
· 1d
Intel's CEO Search in Focus as Chipmaker Set to Post Lower Revenue
Intel’s CEO Search Continues as Revenue Drops
After its worst annual performance in decades, the chipmaker faces investor questions about its strategy and leadership.
Chips Communities United is calling for more transparency regarding the chemicals that are used to make semiconductors.
SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Intel Corp. (INTC) on Thursday reported a loss of $126 million in its fourth quarter. The Santa Clara, California-based company said it had a loss of 3 cents per share. Earnings, adjusted for one-time gains and costs, came to 13 cents per share.
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Analysts expect the Santa Clara, California-based company to report quarterly earnings at 12 cents per share, down from 54 cents per share in the year-ago period. Intel projects to report revenue of $13.83 billion for the recent quarter, compared to $15.41 billion a year earlier, according to data from Benzinga Pro.
Santa Clara, California-based Intel (NASDAQ:INTC) is no stranger to buyout rumors. In September, The Wall Street Journal reported about a potential takeover bid from its rival Qualcomm (QCOM ...
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.
Intel topped estimates when it reported its fourth quarter 2024 results on Thursday, and the company also revealed updates regarding its Foundry goals. Read more here.
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