Intel may provide another earnings surprise for investors, analyst warns

Intel may report another negative earnings surprise when it reports fourth quarter results and guidance on Thursday, according to Citi.

“We expect Intel to guide below the normal seasonal range for 1Q23 revenue and EPS given continued weakness in the PC and data center end markets,” Citi chips analyst Chris Danely wrote in a new client note on Tuesday. “We expect Intel to give full year guidance and talk about a 2H23 recovery but we do not believe it will happen until 2024 and our estimates…

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