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<Results>Intel Reports Widened 4FQ Loss, Weak 1Q Earnings Forecast; Shrs Dive ~7% After Hrs
Recommend 12 Positive 10 Negative 10 |
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Intel (INTC.US) announced after the market close on Thursday that its net loss for the fourth fiscal quarter widened to USD600 million, with a diluted LPS of USD0.12. The adjusted EPS was USD0.15, exceeding the expected USD0.08. Revenue fell by 4% YoY to USD13.7 billion, surpassing the expected USD13.4 billion. Following the earnings announcement, the stock's price plummeted nearly 7% in after-hours trading. During the period, revenue from the chip foundry business mounted by 4% YoY to USD4.5 billion, while total product revenue faded by 1% to USD12.9 billion. The data center and artificial intelligence business grew by 9% to USD4.7 billion. Intel forecast that first fiscal quarter revenue will range from USD11.7 billion to USD12.7 billion, with adjusted EPS expected to break even, which is below the market expectation of an EPS of USD0.5 and revenue of USD12.51 billion. AASTOCKS Financial News Website: www.aastocks.com |
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