Intel shares on pace for biggest plunge since 2008 after disappointing revenue forecast

Intel shares on pace for biggest plunge since 2008 after disappointing revenue forecast

5 years ago
Anonymous $9jpehmcKty

https://www.cnbc.com/2019/04/26/intel-shares-down-more-than-10percent-on-revenue-forecast.html

Intel is headed for its biggest drop since 2008 since the company released disappointing full-year revenue guidance on Thursday, sending shares plummeting more than 10%.

Despite reporting better-than-expected earnings, shares fell after it reported a weak revenue forecast for 2019. The company expects sales to total $69 billion for the year, $2.05 billion below expectations.

Intel shares on pace for biggest plunge since 2008 after disappointing revenue forecast

Apr 26, 2019, 5:15pm UTC
https://www.cnbc.com/2019/04/26/intel-shares-down-more-than-10percent-on-revenue-forecast.html > Intel is headed for its biggest drop since 2008 since the company released disappointing full-year revenue guidance on Thursday, sending shares plummeting more than 10%. > Despite reporting better-than-expected earnings, shares fell after it reported a weak revenue forecast for 2019. The company expects sales to total $69 billion for the year, $2.05 billion below expectations.