社区

Intel Corp. missed the mark with its quarterly forecasts Thursday, overshadowing an earnings beat for the latest period and helping to send the stock lower.For the first quarter, Intel projects adjusted earnings per share of 13 cents on revenue of $12.2 billion to $13.2 billion. Both forecasts came up well shy of the FactSet consensus: Analysts had been modeling 34 cents in adjusted EPS along with revenue of $14.3 billion.For the fourth quarter, the company reported net income of $2.7 billion, or 63 cents a share, compared with a loss of about $700 million, or 16 cents a share, in the year-prior period. On an adjusted basis, Intel earned 54 cents a share, while analysts were modeling 45 cents a share."We expect to unlock further efficiencies in 2024 and beyond as we implement our new internal foundry model, which is designed to drive greater transparency and accountability and higher returns on our owners' capital," Chief Financial Officer David Zinsner said in a release.Intel saw a 3