Intel Shares Drop 10% on Weak Guidance
Intel Shares Drop 10% on Weak Guidance

Intel Shares Drop 10% on Weak Guidance

Jan. 26, 2024, 10:58 a.m., readers: 17

Intel’s (NASDAQ:INTC) announcement on Thursday of its weaker-than-expected guidance for the current quarter overshadowed its fourth-quarter earnings, which exceeded Wall Street's expectations for both revenue and earnings. Shares of Intel dropped by more than 10% pre-market today following the announcement. For the fourth quarter, Intel reported adjusted earnings per share (EPS) of $0.54 and revenue of $15.4 billion. This surpassed the forecasts by analysts, who had expected an EPS of $0.45 and revenue of $15.16 billion. However, the outlook for the first quarter presented a different picture. Intel anticipates an adjusted EPS of $0.13 on revenue ranging between $12.2 billion and $13.2 billion for Q1. These projections fall short of analyst estimates, which were set at an EPS of $0.35 on revenue of $14.31 billion.


About NASDAQ: INTC

I ntel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

Price: 43.28
Market cap: 183.0 billion USD
Eps: 0.40
P/e ratio: 108.21
Terminal Research: INTC