3 Things to Know About Intel's Disastrous Report
INTCIntel(INTC) The Motley Fool·2024-08-03 17:35

It was a lot of bad news all at once from the chipmaker.Semiconductor giant Intel (INTC -26.06%) was expecting demand in its core markets to pick back up in the second quarter, but that demand failed to materialize. In the company's conference call with analysts on Thursday, chief financial officer David Zinsner said, "... the market has not recovered as expected, and we're obviously not satisfied with our results." Intel missed analyst expectations across the board, reported an unexpectedly large loss, and ...