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Intel issues weak forecast, but beats on fourth-quarter results - TL;DR CNBC

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 newsintel corpenterprisebusinessearningstechnologybreaking news: earningsbreaking news: technology

Source: https://www.cnbc.com/2025/01/30/intel-intc-q4-earnings-report-2024.html


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