Intel Reports Increased Loss for 4th Quarter, Weak Earnings Outlook for 1st Quarter; Shares Drop Approximately 7% in After-Hours Trading
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 19h ago
0mins
Source: aastocks
Fourth Quarter Financial Results: Intel reported a net loss of USD600 million for Q4, with a diluted loss per share of USD0.12, although adjusted EPS of USD0.15 exceeded expectations of USD0.08.
Revenue Performance: Total revenue fell by 4% year-over-year to USD13.7 billion, surpassing the expected USD13.4 billion, while revenue from the chip foundry business increased by 4% to USD4.5 billion.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
