New Intel Corp CEO Tan’s bid to revive company overshadowed by bleak outlook

New Intel Corp CEO Tan’s bid to revive company overshadowed by bleak outlook

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Intel shares fall as weak outlook overshadows new CEO’s turnaround promises

Intel is struggling to catch up with rivals after years of missteps

Intel has just revealed its first quarter results and managed to exceed expectations in both revenue and share-adjusted earnings. However, the disheartening outlook for the second quarter caused the company’s shares to fall sharply in post-closure operations. According to the original report, global economic uncertainty is affecting the sector, and that is clearly reflected in Intel’s forecasts. Surprising numbers and others of concern During th…

Intel forecast falls short of estimates, fanning tariff worries

Intel forecast second-quarter revenue below Wall Street estimates on Thursday, casting a shadow over new CEO Lip-Bu Tan's first round of earnings at the helm, against the backdrop of a raging Sino-U.S. trade war.Intel shares were down 5.8% in extended trading.The dour outlook from Intel could be another source of pessimism for investors who are counting on Tan to turn the chipmaker around after years of missteps have left it struggling to gain a…

Intel tumbles after second-quarter forecasts disappoint

The Q1 results were fine; the outlook, not so much....

It also reduced its outlook for this year due to current macroeconomic uncertainty, while supporting contacts with TSMC to discuss a "collaboration" Alphabet earns $34,540 million in the first quarter, a 46% more year-on-year