Shares of Intel Corp. plunged more than 7% in after-hours trading on Thursday after the company reported a disappointing forecast for the first quarter of its fiscal 2026.
The chipmaker said that it expects its available supply to hit its "lowest level" in the first trimester of 2026 but sees an improvement in the second quarter. The company also forecast a loss per share of $0.21 for the first quarter of the year, while adjusted earnings per share are set to be $0. Revenue for the three-month period is seen in the range of $11.7 billion to $12.7 billion.
Intel slid 7.8% to $50.05 at 4:13 pm ET.
https://breakingthenews.net/Article/Intel-plummets-7-on-weak-forecast/65529523
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