Intel shares are plummeting after a disappointing revenue forecast
Intel is headed for its biggest drop since 2008 since the company released disappointing full-year revenue guidance on Thursday, sending shares plummeting more than 10%.
div > div.group > p:first-child"> Despite reporting better-than-expected earnings, shares fell after it reported a weak revenue forecast for 2019. The company expects sales to total $69 billion for the year, $2.05 billion below expectations. The move shaved off more than $25 billion from the company's market cap, leaving it valued around $233.8 billion.
The stock had been up 22% year-to-date on Thursday before the earnings release. Shares are now up more than 10% year to date. The earnings report comes a week after Intel said it's exiting the highly anticipated 5G smartphone market. That move came after Apple and Qualcomm settled a long-standing legal dispute, paving the way for Apple to use Qualcomm's 5G modem chips when it eventually starts rolling out 5G-capable iPhones.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Former vice president Joe Biden jumps into White House raceJoe Biden enters crowded presidential race. The former vice president mounts his third White House campaign after much speculation.
और पढो »
$4 billion Credit Karma's CEO reveals how a single meeting in 2008 saved the company from going underKenneth Lin explained how critical a meeting with a TransUnion executive was during Credit Karma's early days.
और पढो »
The Latest: New Zealand: No intel linking Sri Lanka bombingsThe office of New Zealand's prime minister says she is aware of comments linking Sri Lanka's Easter bombings to the mosque attacks in Christchurch, though it hasn't 'seen any intelligence upon which such an assessment might be based'
और पढो »
Intel drops 7% on weak outlookIntel reported higher EPS and revenue than analysts had expected, though shares dropped on the earnings report in post-market trading.
और पढो »
INTC Stock | INTEL Stock Price Today | Markets Insider
और पढो »
Intel dipped down over 6% after CEO Bob Swan says it's 'taking a more cautious view of the year' as it slashes its earnings forecastOne week after new CEO Bob Swan's surprise move to get out of the smartphone business, Intel reported its Q1 earnings. Stock fell 6% after the bell.
और पढो »
Intel stock plummets on disappointing earnings outlook as new CEO takes ‘a more cautious view’Intel Corp. shares dropped in the extended session Thursday after the chip giant’s outlook fell way below Wall Street estimates offsetting an earnings beat.
और पढो »
Intel set to report first-quarter earnings after the bellIntel is providing its first earnings report since announcing that it's exiting the 5G smartphone market.
और पढो »
Intel Trims Financial Forecast for YearIntel trimmed its financial forecast for this year and said quarterly sales of chips for data centers declined for the first time in seven years, reflecting uncertainty in a business-computing market that had been growing rapidly.
और पढो »
Stocks making the biggest moves after hours: Amazon, Ford, Intel & moreSee which stocks are posting big moves after the bell on April 25.
और पढो »