MatchPoint Times

Home

Intel shares plunge on earnings expectations

Cover Image for Intel shares plunge on earnings expectations

The struggling US chip maker’s revenue forecast falls well short of Wall Street expectations amid recently raised guidance.

SAN FRANCISCO: Intel shares dove more than 10% Thursday despite the struggling US chip maker doing better than expected in the recently ended quarter, as its revenue forecast disappointed investors.

Intel reported a loss of US$600 million on revenue of US$13.7 billion in the final three months of last year.

That compares with a loss of US$100 million on revenue of US $14.3 billion in the same period a year earlier.

Tags:earningsIntelsemiconductorsshares


Malaysia’s curry leaf politics

Zahid Hamidi’s gustatory analogy between the curry leaf and political partnership is not just applicable to Umno’s relationship with Anwar Ibrahim but also the link between Malaysia’s minorities and the majority race.

🟡A. Kathirasen

Trump says bruise on his left hand came after hitting a table

The 79-year-old US president dismisses renewed health concerns over the same injury previously visible on his right hand.

🟡AFP