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Intel Q4 results beat estimates, but softer guidance weighs
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Investing.com — Intel reported Thursday weaker than expected guidance for the current quarter that overshadowed fourth-quarter results that beat Wall Street estimates on both the top and bottom lines.
Intel Corporation (NASDAQ:INTC) fell 6% in afterhours trading.
Intel reported adjusted earnings per share of $0.54 on revenue of $15.4 billion. Analysts polled by Investing.com anticipated EPS of $0.45 on revenue of $15.16 billion.
Looking ahead to Q1, the chipmaker forecasts adjusted EPS of $0.13 on revenue between $12.2B and $13.2B, compared with estimates for EPS of $0.35 on revenue of $14.31B.
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