Intel Profit to Slump, Dismal Forecast Feared
- 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…