Intel stock

Shares of Intel (INTC) are down 10% after the semiconductor and microchip company issued fourth-quarter results that missed Wall Street's expectations.

a share on $13.93 billion U.S. to $11.5 billion U.S. per share on $10.5 billion U.S. compared to $14.45 billion U.S. Q4 net loss, compared with a profit of $4.62 billion U.S. Intel’s Q4 revenue came in at $14.04 billion U.S.

Chipmaker Intel missed Wall Street's targets for sales and earnings in the fourth quarter. Intel stock tumbled on the news.

Analysts had predicted adjusted earnings of 17 cents a share on sales of $533 million. In the same quarter last year, Intel earned 87 cents a share on sales of $18.35 billion. [IBD Stock Checkup](https://research.investors.com/stock-checkup/nasdaq-intel-intc.aspx). The best growth stocks have a Composite Rating of 90 or better. For the current quarter, Intel expects to lose an adjusted 15 cents a share on sales of $11 billion. Wall Street was expecting earnings of 25 cents a share on sales of $13.93 billion in the first quarter. Adjusted earnings rose 110% to 27 cents a share. The Santa Clara, Calif.-based company late Thursday said it earned an adjusted 10 cents a share on sales of $14.04 billion in the December quarter. Intel's PC chip unit saw sales drop 36% to $6.6 billion in the fourth quarter. During the regular session Thursday, Intel stock rose 1.3% to close at 30.09. He reiterated is equal weight, or neutral, rating on Intel stock. On a year-over-year basis, Intel earnings plummeted 92% while sales dropped 28%.

Intel Corp. fell the most since July after giving one of the gloomiest quarterly forecasts in its history.

At the low end of Intel’s projections, revenue would be the smallest quarterly total since 2010. The company late Thursday [predicted](https://www.bloomberg.com/news/articles/2023-01-26/intel-tumbles-after-forecast-suggests-its-comeback-is-far-off) a surprise loss in the current period and a sales range that missed analysts’ estimates by billions of dollars, the result of a personal-computer slump that has ravaged the chipmaker’s business.

Well, that did not go as planned. Intel (INTC) launched the semiconductors earnings season with a severe cut to their guidance late Thursday. Now INTC.

Experts at the crypto intelligence tracker Santiment believe the recent spike in activity by whales on these networks needs to be watched closely. The author makes no representations as to the accuracy, completeness, or suitability of this information. EUR/USD has extended its slide toward 1.0850 in the American session. The author has not received compensation for writing this article, other than from FXStreet. [stock](https://www.fxstreet.com/markets/equities) has plunged -10.7% in the premarket and is trading below $27. The author will not be held responsible for information that is found at the end of links posted on this page. $24.87 is the long-term low for Intel stock and hails from August 2015. Still most observers think Intel is in a risky era, and many question if the legacy chipmaker can continue with its generous dividend. Much worse than the quarter's results was that Intel expects the drought to continue and get more severe. Revenue came in poorly as well for the quarter ending in December at $14 billion, about half a billion dollars less than consensus. Intel stock is now in danger of falling back to support from 2015 and maybe even breaking below there. Intel (INTC) launched the semiconductors earnings season with a severe cut to their guidance late Thursday.

By Wallace Witkowski. CEO Gelsinger predicts server-market declines in first half of 2023 before growth will resume. Intel Corp. shares dropped more than 9% ...

Gross margins for the fourth quarter dropped to 43.8% from 55.8% a year ago, and from 45.9% in the third quarter. After adjusting for restructuring charges and other items, Intel reported earnings of 10 cents a share, compared with $1.13 a share from a year ago. (AMD), which saw shares drop more than 3% in after-hours trading, and Nvidia Corp. In the fourth quarter, AI group sales dropped 33% to $4.3 billion, while the Street expected revenue of $4.08 billion. Analysts surveyed by FactSet had estimated adjusted first-quarter earnings of 25 cents a share on revenue of $13.93 billion. Gelsinger said that Intel was going to "squeeze" its effective capacity.

Shares of Intel Corp. tumbled 9.6% in premarket trading, putting them on track for the worst one-day performance in 15 months, in the wake of the...

Shares of Intel Corp. tumbled 9.6% in premarket trading, putting them on track for the worst one-day performance in 15 months, in the wake of the semiconductor maker’s

Intel (INTC) catches multiple price target cuts on Wall Street after missing estimates with fourth-quarter earnings and revenue.

The Club's oil stocks are [Coterra Energy](https://www.cnbc.com/quotes/CTRA/) (CTRA), [Devon Energy](https://www.cnbc.com/quotes/DVN/) (DVN), [Halliburton](https://www.cnbc.com/quotes/HAL/) (HAL) and [Pioneer Natural Resources](https://www.cnbc.com/quotes/PXD/) (PXD). [American Express](/quotes/AXP/) (AXP) and [Visa](/quotes/V/) (V) move higher. [Abbott Laboratories](/quotes/ABT/) (ABT) price target to $125 per share from $122. [MasterCard](/quotes/MA/) (MA) also posts a strong quarter. ](https://www.cnbc.com/investingclub/homestretch/) [On Semiconductor](/quotes/ON/) (ON) price target to $85 per share from $75; keeps overweight (buy) rating. UBS cuts price target to $90 per share from $110; keeps buy rating. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. [Chevron](/quotes/CVX/) (CVX) posts a record $36.5 billion profit for 2022. [Intel](/quotes/INTC/) (INTC) catches multiple price target cuts on Wall Street after missing estimates with fourth-quarter earnings and revenue. Shares drop 10% early Friday, pressuring [Nasdaq](/quotes/.IXIC/) stocks into the open. I don't see this being the last change because these moves were in the works prior to a big investor taking a stake.

Intel is on pace to record its worst trading day loss since October of 2021 after the company reported poor quarterly and annual revenues.

Change % Change Nvidia is up. Trading is mixed for other semiconductor companies on Wall Street. [32% drop](https://www.intc.com/news-events/press-releases/detail/1600/intel-reports-fourth-quarter-and-full-year-2022-financial) in year-over-year revenue late Thursday. The drop would cut $10 billion from the semiconductor maker's market cap.

Five of the biggest U.S. chipmakers were set to erase nearly $15 billion in market value on Friday after Intel Corp stumped Wall Street with dismal earnings ...

Intel supplier KLA Corp [(KLAC.O)](https://www.reuters.com/companies/KLAC.O) fell 5% after its [dismal forecast](/technology/kla-forecasts-q3-revenue-below-estimates-2023-01-26/). chipmaker stumped Wall Street with dismal earnings projections, fanning fears around a slump in the personal-computer market. [(2330.TW)](https://www.reuters.com/companies/2330.TW) to make chips that outpace Intel's technology. [(AMD.O)](https://www.reuters.com/companies/AMD.O) and Nvidia [(NVDA.O)](https://www.reuters.com/companies/NVDA.O) recovered from steep premarket losses to trade flat. Register for free to Reuters and know the full story [(INTC.O)](https://www.reuters.com/companies/INTC.O) was set to erase nearly $10 billion in market value on Friday after the U.S.

Intel (INTC) shares stumbled more than 6% Friday after the semiconductor giant reported weak fourth-quarter results and issued a stunningly weak ...

"We cannot ignore the Intel-specific dynamics exacerbating this pain," such as overly confident revenue outlook and hiring in 2022 and data center roadmap issues. "While no full-year guidance was provided, [Intel] sees the [first-half] correction will be followed by a [second-half] recovery," Vinh said. It also forecast "incremental weakness" in its data center business across areas like the enterprise and China. [INTC](https://seekingalpha.com/symbol/INTC)) financial health and the guidance. The company also expects gross margins to fall below 40%, coming in at 39%. Ragson said the size of Intel's (