Intel forecasts quarterly revenue below estimates, stock falls
(Reuters) -Intel on Thursday forecast revenue for the first quarter that could miss market estimates by more than $2 billion, as it grapples with uncertain demand for its chips used in the traditional server and personal computer markets. Intel forecast first-quarter profit of 13 cents a share, excluding one-time items. In an interview, Chief Executive Officer Pat Gelsinger said that the company's core businesses of PCs and servers were hitting seasonal low demand at the same time as noncore businesses such as auto chip firm Mobileye.
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