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Thndr Claps » U.S. Claps » Tech 📲 » An underwhelming quarter from Intel 📉

An underwhelming quarter from Intel 📉

by Omar El Shorafa
January 27, 2023
Intel, Chips, NASDAQ

The Clap
Intel (NASDAQ:INTC) recorded an EPS of 10 cents in Q4, significantly below analysts’ expectations of 20 cents.

What
In addition, the company recorded revenues of $14.04bn, below analysts’ expectations of $14.45bn. Q4 marked the fourth consecutive quarter of declining sales in the PC market this year.

So What
The company has forecasted a net loss of 15 cents per share in the upcoming quarter, with declining sales taking a hefty toll on the company’s performance.

Now What
The company’s stock declined more than 8% in after-hours trading following the earnings release.

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