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Intel issues weak guidance, says it will slash expenses this year [MSNBC.com]

Intel Corporation (INTC)  More Company Research Source: MSNBC.com
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Intelfirst-quarter resultsHere's how the company did, versus LSEG consensus estimates: per share:Intel said it expects revenue for the current quarter of $11.8 billion at the midpoint of the range, lower than the average analyst estimate of $12.82 billion. The company said earnings will be breakeven, while analysts were looking for profit of 6 cents per share.Intel said its second-quarter guidance reflected elevated uncertainty driven by the macro environment."The very fluid trade policies in the U.S. and beyond, as well as regulatory risks, have increased the chance of an economic slowdown, with the probability of a recession growing," Intel CFO David Zinsner said on the earnings call with analysts.For the first quarter, Intel reported a net loss of $800 million, or 19 cents per share, due to higher costs of sales and some write-downs. That compares with a net loss of $400 million, or 9 cents per share,in 2024It's the chipmaker's first earnings report since Tan took over as CEO in Ma [Read more]
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Stockreport

Intel issues weak guidance, says it will slash expenses this year [MSNBC.com]

Intel Corporation  (INTC) 
More Company Research Source: MSNBC.com
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Intelfirst-quarter resultsHere's how the company did, versus LSEG consensus estimates: per share:Intel said it expects revenue for the current quarter of $11.8 billion at the midpoint of the range, lower than the average analyst estimate of $12.82 billion. The company said earnings will be breakeven, while analysts were looking for profit of 6 cents per share.Intel said its second-quarter guidance reflected elevated uncertainty driven by the macro environment."The very fluid trade policies in the U.S. and beyond, as well as regulatory risks, have increased the chance of an economic slowdown, with the probability of a recession growing," Intel CFO David Zinsner said on the earnings call with analysts.For the first quarter, Intel reported a net loss of $800 million, or 19 cents per share, due to higher costs of sales and some write-downs. That compares with a net loss of $400 million, or 9 cents per share,in 2024It's the chipmaker's first earnings report since Tan took over as CEO in Ma [Read more]
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