Intel Profit Drops, Outlook Upbeat

Intel's quarterly profit slid 7.8% on lower sales, but the semiconductor giant posted revenue and gross margin above its guidance.

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BING NEWS:
  • Intel Drops 9%, Leads Markets Lower; All Eyes on China
    CEO Brian Krzanich remarked, “While the outlook for the first quarter reflects some caution ... Ing cuts his 2016 estimates to $59.29 billion in revenue and $2.13 a share in profit from a prior $59.97 billion and $2.44 per share. Kinngai Chan ...
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  • Intel share price drops despite strong results
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  • Intel Drops After Signaling Caution on World Economic Growth
    Intel’s outlook also highlights the company’s inability to wean ... On average, analysts had projected sales of $14.2 billion, according to data compiled by Bloomberg. Intel also said fourth-quarter net income slipped to $3.6 billion, or 74 cents ...
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  • Intel reportedly drops $13 billion acquisition talks with Altera
    The deal would have made sense for Intel — 90% of the company's operating profit comes from PC chips. The deal with Altera would have allowed Intel to diversify its business. Intel also cut its Q1 outlook by almost $1 billion last month because of ...
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