Intel Falls On Disappointing First-Quarter Revenue Forecast
- First-quarter revenue and profit projections fall short
- No update on CEO search; leaders say changes to take time
This article is for subscribers only.
Intel Corp. shares fell after the chipmaker issued a revenue forecast for the current period that fell short of analysts’ expectations.
First-quarter revenue will be hampered by weaker demand and market share loss to rivals, the chipmaker said Thursday in a statement. Sales last quarter of $14.3 billion beat estimates, although part of that was from customers in Asia ordering ahead of possible US tariffs, executives said.