Intel disappoints with its outlook, shares fall in pre-market Wall Street

Intel abandons the acquisition of Tower Semiconductor

(Finance) – The stock loses more than 10 percentage points Intel in the pre-market on Wall Street after the main chip maker announced an outlook considered disappointing by analysts.

For the first quarter of 2024Intel expects a useful of just 13 cents per share, well below the consensus of 33 cents.
THE revenues they are expected to be between 12.2 and 13.2 billion compared to the 14.15 billion estimated by analysts.

In the fourth quarter of 2023, Intel reported a adjusted profit per share of 54 cents, higher than the expected 45 45 cents and revenues of 15.4 billion (15.15 billion market expectations).

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