Intel Corp. Chief Executive Officer Bob Swan gave new long-term forecasts that indicate the chipmaker’s growth will remain stalled. His comments, during his first investor event as CEO, sent shares down 2.5% at the close of trading in New York.
Intel last month said sales will decline in 2019 and it reduced forecasts for profit and revenue in the current quarter. Swan on Wednesday said the chipmaker let investors down when it cut the guidance.
