FILE PHOTO: The Intel logo is shown at E3, the world’s largest video game industry convention in Los Angeles, California, U.S. June 12, 2018. REUTERS/Mike Blake
April 25, 2019
(Reuters) – Chipmaker Intel Corp forecast current-quarter revenue below analysts’ estimates and cut full-year outlook on Thursday, sparking worries that an industry-wide slowdown could persist until the end of 2019, sending shares down 7 percent.
The Santa Clara, California-based chipmaker said it expects revenue and profit of $15.6 billion and 89 cents per share for its second quarter that ends in June, compared with analysts’ expectation of $16.85 billion and $1.01 per share.
The company lowered its 2019 revenue forecast to $69 billion, from the $71.5 billion it told investors to expect when it last reported earnings in January. (
(Reporting by Sayanti Chakraborty in Bengaluru; Editing by Sriraj Kalluvila)
