Intel Profit to Slump, Dismal Forecast Feared

Key Takeaways

  • Intel is expected to post adjusted fourth-quarter EPS of $0.18 on Jan. 26.
  • That would represent a year-over-year drop of 83%, while revenue is expected to drop 30%.
  • The chip maker has been hit by slowing PC sales and data center spending as well as market share losses.
  • Analysts at Citi and Susquehanna warned this week that Intel’s annual guidance may miss consensus estimates.

Intel (INTC) is expected to post weak fourth-quarter results after Thursday’s closing bell as the…

Read More

Views: 0