Intel shares drop on weak quarterly results and expectations for another quarter of losses
Publishing timestamp: 2023-01-26 18:20:04
Summary
Intel's fourth quarter results failed to meet analysts' estimates and the company gave a weaker-than-expected forecast. Intel's revenue declined for the fourth period in a row as the PC market recedes after expanding in the Covid pandemic. Intel's stock has dropped 42% in the past year and the company is expecting more pain in the first quarter.
Sentiment: NEGATIVE
Tickers: MBLY, MSFT, IBM, INTC, AMZN,
Keywords: earnings, business, breaking news: earnings, international business machines corp, mobileye global inc, enterprise, intel corp, breaking news: technology, microsoft corp, technology, business news, amazon.com inc,
Source: https://www.cnbc.com/2023/01/26/intel-intc-earnings-q4-2022.html