Reported about 18 hours ago
Intel (INTC) exceeded fourth-quarter earnings estimates but continues to struggle with declining revenue for the third consecutive quarter. The company issued weak guidance for Q1, citing seasonal weaknesses, macroeconomic uncertainties, and heightened competition. Led by two interim CEOs, Intel's turnaround plan may take years and requires significant investment, including an estimated $20 billion for 2025 to enhance production and staffing.
Source: YAHOO