Intel takes a tumble as sales miss estimates, outlook falls short

Intel takes a tumble as sales miss estimates, outlook falls short

5 years ago
Anonymous $Dftgs0JzgE

https://www.siliconvalley.com/2019/01/24/intel-takes-a-tumble-as-sales-miss-estimates-outlook-falls-short/

It was not the best of times for Intel during the last three months of 2018, as the semiconductor giant reported fourth-quarter sales that missed Wall Street’s expectations and didn’t immediately give an update on its efforts to hire a new, permanent chief executive.

After the close of trading Thursday, Intel reported a fourth-quarter profit of $1.28 a share, which surpassed analysts’ forecasts of a profit of $1.22 a share. However, Intel’s sales of $18.7 billion failed to meet the consensus revenue forecast of $19.01 billion, leading to concerns about the market for its new personal computer chips that the company released during the quarter.

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