Intel CEO Pat Gelsinger speaks during the Mobileye Global Inc. IPO at the Nasdaq MarketSite in New York on Oct. 26, 2022. Mobileye Global Inc., the self-driving technology company owned by Intel Corp., priced one of the biggest US initial public offerings of the year above its marketed range to raise $861 million.
Michael Nagle | Bloomberg | Getty Images
Intel shares moved as much as 7% higher in extended trading on Thursday after the chipmaker announced lower-than-expected earnings guidance for the full fiscal year but said it will deliver up to $10 billion in cost reductions and efficiency improvements.
Here’s how the company did:
- Earnings: 59 cents per share, adjusted, vs. 32 cents per…