Intel Corporation (INTC)
Intel Discloses Streamlining Plan as First-Quarter Loss Widens, Sales Slide
The chip maker didn't say how many jobs it would cut or detail the charges it expects to incur as a result of the restructuring. Shares fell in after-hours trading.
Intel shares tumble as weak Q2 outlook overshadows revenue beat
Intel Corp (NASDAQ:INTC, ETR:INL) shares fell 6.4% in extended trading on Thursday after the chipmaker issued a weaker-than-expected revenue forecast for the second quarter, offsetting a slight beat on first-quarter revenue. The company reported first-quarter revenue of $12.67 billion, narrowly topping Wall Street estimates of $12.31 billion.
Intel issues weak guidance, says it will slash expenses this year
Intel reported first-quarter earnings that beat on the top and bottom line. But the company issued disappointing guidance.
Intel forecasts second-quarter revenue below estimates fanning tariff worries
Intel forecast second-quarter revenue below Wall Street estimates on Thursday, casting a shadow over new CEO Lip-Bu Tan's first round of earnings at the helm, against the backdrop of a raging Sino-U.S. trade war.
What Analysts Think of Intel Stock Ahead of Earnings
Intel (INTC) is slated to report first-quarter results after the market closes Thursday, marking the chipmaker's first report since Lip-Bu Tan was named CEO in mid-March.
Intel's Earnings Could Be Muddied by the Trump Tariffs
The consensus is that Intel will report revenue of $12.3 billion with adjusted earnings per share of one cent for the March quarter.
Qualcomm vs Intel: Which Semiconductor Giant is a Better Buy Now?
QCOM and INTC are both dominant players in the semiconductor space and are taking several initiatives to take advantage of the evolving market trends and AI proliferation across sectors.
Intel Q1 Earnings Coming Up: ETFs in Focus
Intel has a reasonable chance of beating earnings estimates when it reports first-quarter results.
Why Intel Stock Is Jumping Today
Intel (INTC 5.95%) stock is roaring higher in Wednesday trading thanks to a combination of bullish catalysts. The company's share price was up 5.4% as of 12:30 p.m.
Intel Stock Pops as Restructuring Plan Targets 20% Staff Cut
Intel Corp (NASDAQ:INTC) is up 5.6% in pre-market trading, after reports surfaced that the chipmaker is preparing to cut more than 20% of its staff.
Intel reportedly readying to cut 20% of its workforce
Intel Corp (NASDAQ:INTC, ETR:INL) is preparing to cut more than 20% of its workforce as part of a major restructuring effort aimed at streamlining operations and reviving growth, Bloomberg reported, citing sources familiar with the matter. The cull, expected to be announced this week, comes under the direction of new CEO Lip-Bu Tan, who took over last month with a mandate to reinvigorate the struggling chipmaker.
Why Intel Stock Surged Today
After sell-offs yesterday, Intel (INTC 3.58%) stock rallied in Tuesday's trading. The semiconductor company's share price gained 2.8% amid a 2.5% gain for the S&P 500 and a 2.7% gain for the Nasdaq Composite.
