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Published 18 days ago

Intel's disappointing second-quarter forecast knocks stock down 8% in late trading

Summary by כלכליסט- www.calcalist.co.il

The chip maker met expectations for the current quarter with revenue of $12.7 billion and a loss of $400 million compared with a loss of $2.8 billion in the same quarter last year. However, a lukewarm forecast for revenue of $12.5-13.5 billion and profit of just $0.1 per share knock it down in late trading

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כלכליסט- www.calcalist.co.il

Intel's disappointing second-quarter forecast knocks stock down 8% in late trading

The chip maker met expectations for the current quarter with revenue of $12.7 billion and a loss of $400 million compared with a loss of $2.8 billion in the same quarter last year. However, a lukewarm forecast for revenue of $12.5-13.5 billion and profit of just $0.1 per share knock it down in late trading

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