Intel 'stumbled,' CEO says; shares drop 9.5% as loss forecast

By Jane Lanhee Lee and Chavi Mehta

Technology
Friday, 27 Jan 2023
8:20 AM MYT

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FILE PHOTO: The Intel Corporation logo is seen at a temporary office during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. REUTERS/Arnd Wiegmann

(Reuters) - Intel Corp said on Thursday it expects to lose money in the current quarter, surprising investors with a bleaker-than-expected outlook for both the PC market and slowing growth in its key data center division.

The company's shares fell 9.5% in trading after the bell.

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Symbol	Open	High	Low	Last	Chg	%Chg	Vol ('00)
HSI-PWHI	0.195	0.210	0.195	0.205	0.015	7.89	1,936,176
HSI-CWGX	0.250	0.250	0.230	0.230	-0.035	-13.21	1,730,445
HSI-CWGI	0.170	0.170	0.155	0.155	-0.030	-16.22	1,700,156
HSI-PWHV	0.180	0.200	0.175	0.185	0.010	5.71	1,400,245
HSI-CWGS	0.140	0.140	0.120	0.120	-0.025	-17.24	1,397,471
NEXG	0.515	0.530	0.515	0.525	0.010	1.94	996,383
FOCUS	0.010	0.010	0.005	0.010	0.000	0.00	868,755
ZETRIX	0.915	0.920	0.905	0.910	-0.005	-0.55	607,583
HSI-PWJF	0.140	0.150	0.140	0.145	0.005	3.57	490,787
TANCO	0.915	0.920	0.910	0.915	0.000	0.00	462,506
VELESTO	0.185	0.190	0.185	0.185	0.005	2.78	455,496
LCTITAN	0.700	0.730	0.675	0.695	-0.010	-1.42	381,126
ZETRIX-C9K	0.070	0.070	0.070	0.070	-0.080	-53.33	271,087
PHARMA	0.220	0.225	0.215	0.220	0.000	0.00	202,221
TENAGA	13.860	13.920	13.420	13.600	-0.340	-2.44	195,902

Intel 'stumbled,' CEO says; shares drop 9.5% as loss forecast

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Intel 'stumbled,' CEO says; shares drop 9.5% as loss forecast

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