BUZZ-Intel up after beating Q4 revenue estimates
ReutersJan 30, 2025 9:18 PM
Shares of Intel INTC.O rise 2% to $20.41 in trading after hours
Company posts Q4 revenue of $14.26 billion vs analysts' estimates of $13.81 billion, according to data compiled by LSEG
Expects Q1 revenue of $11.7 bln to $12.7 bln vs estimates of $12.87 bln
Outlook "reflects seasonal weakness magnified by macro uncertainties, further inventory digestion and competitive dynamics" — interim co-CEO and CFO David Zinsner
INTC fell 60% in 2024
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