Sweden Herald
Intel forecasts weak first quarter
Photo: Richard DrewA/AP/TT
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Intel forecasts weak first quarter this year, stock falls

Intel reports better-than-expected results for the final quarter of last year. However, the American processor giant's profit and revenue forecast for the first quarter is worse than expected.

Earnings per share in the last quarter amounted to $0.15, compared to analysts' expectations of $0.08 per share.

For the first quarter of this year, the film company expects revenue of $11.7–$12.7 billion. Analysts had predicted $12.6 billion, equivalent to approximately SEK 113 billion.

The company's shares fell about 7 percent during Thursday's after-hours trading on the New York Stock Exchange.

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Intel
AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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