×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: intel earnings

Intel First-Quarter Earnings Forecast Miss Street View

Intel
Intel Corp.'s Santa Clara, California, headquarters (Getty Images)

Wednesday, 26 January 2022 04:55 PM

Chipmaker Intel Corp. forecast first-quarter earnings below analysts' expectations on Wednesday, sending the world's largest chipmaker's shares down 3% in late trade.

Intel forecast earnings per share of 80 cents, compared to an expectation of 86 cents, according to IBES data from Refinitiv.

The company expected first-quarter revenue above Wall Street expectations, placing bets on its in-house chip-making capacity to meet strong demand from PC, data center and artificial intelligence markets even through a global semiconductor supply crunch.

The company expects first-quarter revenue of about $18.3 billion, compared to analysts' average estimates of $17.62 billion, according to IBES data from Refinitiv.

© 2022 Thomson/Reuters. All rights reserved.


StreetTalk
Chipmaker Intel Corp. forecast first-quarter earnings below analysts' expectations on Wednesday, sending the world's largest chipmaker's shares down 3% in late trade.
intel earnings
101
2022-55-26
Wednesday, 26 January 2022 04:55 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved