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Intel Slides After Tepid Forecast Spurs Fears About Comeback [BNN Bloomberg (Canada)]
Last nvidia corporation earnings: 2/13 04:20 pm
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current period, indicating that it's still struggling to return to the top tier of the chip industry. Sales in the second quarter will be about $13 billion, the company said in a statement Thursday. That compares with an average analyst estimate of $13.6 billion, according to data compiled by Bloomberg. Profit will be 10 cents a share, minus certain items, versus a projection of 24 cents. The outlook signals that a push by Chief Executive Officer Pat Gelsinger to revitalize Intel is going to take more time and money. Once the world's dominant chipmaker, the company is lagging behind rivals such as Nvidia Corp. and Taiwan Semiconductor Manufacturing Co. in revenue and technological know-how. Intel shares fell as much as 7.2% in extended trading after the report was released. The stock had already declined 30% this year through the close, making it the second-worst performer on the Philadelphia Stock Exchange Semiconductor Index. In the first quarter, the Santa Clara, California
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