Intel issues weak forecast, but beats on fourth-quarter results
Publishing timestamp: 2025-01-30 21:04:07
Summary
Intel reported earnings and revenue that beat estimates, but issued disappointing quarterly guidance. The company replaced CEO Pat Gelsinger and is focusing on artificial intelligence processors for servers. Intel expects breakeven profit for the first quarter and is looking to sell a minority stake in Altera.
Sentiment: MIXED
Tickers: INTC,
Keywords: business news, intel corp, enterprise, business, earnings, technology, breaking news: earnings, breaking news: technology,
Source: https://www.cnbc.com/2025/01/30/intel-intc-q4-earnings-report-2024.html