Intel CEO Pat Gelsinger stands in front of a cathedral in the German city of Magdeburg on Nov. 12, 2022. During his visit, Gelsinger also visited the planned site of the Intel Gigafactory in the Eulenberg industrial park. /dpa-Zentralbild/dpa (Photo by Peter Gercke/picture alliance via Getty Images)
Peter Gercke | Picture Alliance | Getty Images
Intel shares slid by as much as 8% in extended trading on Thursday after the chipmaker issued fourth-quarter results that failed to meet analysts’ estimates and gave a weaker-than-expected forecast.
Here’s how the company did:
- Earnings: 10 cents per share, adjusted, vs. 20 cents per share as expected by analysts, according to Refinitiv.