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Intel forecasts first-quarter below estimates

Reuters 

(Reuters) - Intel Corp forecast first-quarter revenue and profit below analysts' estimates on Thursday, adding to concerns of an industry-wide slowdown sparked by the U.S.-China trade war. The company forecast current-quarter revenue of $16 billion and adjusted earnings 87 cents per share.Analysts on average were expecting revenue of $17.35 billion and a profit of $1.01 per share, according to IBES data from Refinitiv. The company reported net income of $5.20 billion, or $1.12 per share, for the fourth-quarter ended Dec. 29, from a loss of $687 million, or 15 cents per share, a year ...

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First Published: Fri, January 25 2019. 02:46 IST
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