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Intel shares drop 6% : Q4 earnings report


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Posted

https://techcrunch.com/2019/01/24/intel-shares-drop-6-after-rare-revenue-miss-in-q4-earnings/

Intel  shares are down 6 percent after-hours after the company announced a rare revenue miss in its Q4 earnings report and lower-than-expected Q1 guidance.

The company reported a Non-GAAP EPS of $1.28 on revenue of $18.66 billion (up 9 percent year-over-year). Wall street was expecting an EPS of $1.22 on revenue of $19.01 billion.

Posted

It lacks CEO and it's a nightmare for Intel to handle it's operations. Lack of Modem's it can supply for iPhones is primary reason for slow quarter. 

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