Intel's forecast misses on slowing China, data center; shares tumble

Intel's forecast misses on slowing China, data center; shares tumble

5 years ago
Anonymous $Dftgs0JzgE

https://www.reuters.com/article/us-intel-results/intels-forecast-misses-on-slowing-china-data-center-shares-tumble-idUSKCN1PI2ZY

Intel Corp forecast current-quarter revenue and profit below analysts' estimates and missed on fourth-quarter sales expectations on Thursday, hit by a slowdown in China and sluggish demand for its data center and modem chips.

Intel's forecast misses on slowing China, data center; shares tumble

Jan 24, 2019, 10:24pm UTC
https://www.reuters.com/article/us-intel-results/intels-forecast-misses-on-slowing-china-data-center-shares-tumble-idUSKCN1PI2ZY >Intel Corp forecast current-quarter revenue and profit below analysts' estimates and missed on fourth-quarter sales expectations on Thursday, hit by a slowdown in China and sluggish demand for its data center and modem chips.