Intel Reports Narrower-than-Expected Q4 Loss, Projecting Lower Q1 Revenue
Earnings:
* Revenue: $14.3 billion (-7% YoY)
* Net loss: $100 million (-99%)
* EPS: -$0.03 (-95%)
Highlights:
* Foundry division revenue beats estimates at $4.5 billion.
* Q1 revenue projected between $11.7 billion and $12.7 billion (below consensus).
* Expected Q1 loss of $0.27 per share (wider than expected).
Outlook:
* Results mark first since former CEO Pat Gelsinger's departure.
* Takeover rumors continue to circulate, with Broadcom (AVGO) identified as a potential buyer.
* Intel shares rose 2% in after-hours trading.
Additional Information:
* Intel's stock has lost over 50% of its value in the past year.
* No permanent successor to Gelsinger has been announced.