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المشهد العربي
Source: المشهد العربي
11 Hrsالمشهد العربي
Source: المشهد العربي
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Intel shares fell 16.15% to $77.20 in after-hours trading on Wall Street after the company’s fourth-quarter outlook came in below analysts’ estimates. Intel forecast adjusted earnings of 25 cents per share and revenue of $15 billion to $16 billion, compared with expectations of 43 cents per share and $17.1 billion in revenue. The weak outlook came despite third-quarter revenue rising 21% to $16.51 billion and adjusted earnings reaching 52 cents per share. The company attributed the pressures to a stagnant PC market, shortages of raw materials, and the shutdown of one of its plants outside the United States.
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