Assessing Intel’s Guidance for Q1 2023
Intel’s guidance for the January-March 2023 quarter doesn’t look much more promising than its fourth-quarter earnings. (And note that Intel has declined to provide an outlook for its full-year 2023.)
The company is expecting an adjusted net loss of 15 cents per share. Investors and analysts were projecting that Intel would earn 25 cents per share. Along those lines, Intel said its first-quarter revenue will sink to $10.5 billion from forecasts of $13.93 billion.
What’s to blame for the drop?
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