Intel stock sinks more than 10% as early 2024 outlook comes up short
Publishing timestamp: 2024-01-26 12:21:05
Summary
Intel shares dropped more than 10% after the company issued an outlook for the first quarter of 2024 that fell short of analyst estimates. While Intel's results for the latest quarter beat expectations, weakness in subsidiaries and revenue decreases from other businesses contributed to the lower outlook. Intel's CEO remains optimistic about the core business and the company's transformation plans.
Sentiment: MIXED
Tickers: 2330-TW, INTC, AMD, MBLY, NVDA,
Keywords: business news, mobile, intel corp, pat gelsinger, mobileye global inc, earnings, taiwan semiconductor manufacturing co ltd, technology, advanced micro devices inc, apple inc, business, nvidia corp, breaking news: technology,
Source: https://www.cnbc.com/2024/01/25/intel-intc-earnings-report-q4-2023.html