Intel issues dour earnings report, weak forecast

📆 27-1-2023 04:33:00
📰 axios

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Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Troubled chip giant Intel posted weaker than expected quarterly sales along with a financial outlook that fell well short of Wall Street expectations.

First quarter revenue projection: $10.5 billion to $11.5 billion .The company said it aims to cut $3 billion in costs this year and reduce costs by a total of $8 billion to $10 billion by the end of 2025.

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Did Pelosi short the stock?

Nederland Laatste Nieuws, Nederland Headlines