Intel Company (NASDAQ: INTC) Thursday reported a decline in adjusted earnings and revenues for the fourth quarter. The semiconductor big additionally offered steering for the primary quarter of 2023.
Fourth-quarter revenues decreased 32% yearly to $14 billion. The highest line was negatively impacted by continued slowdown within the core Shopper Computing phase.
Adjusted earnings declined to $0.10 per share within the newest quarter from $1.15 per share within the fourth quarter of 2021. On a reported foundation, the corporate posted a internet lack of $664 million or $0.16 per share, in comparison with a revenue of $4.62 billion or $1.13 per share final yr.
Check this space to learn administration/analysts’ feedback on Intel’s This fall 2022 outcomes
“In 2023, we’ll proceed to navigate the short-term challenges whereas striving to fulfill our long-term commitments, together with delivering management merchandise anchored on open and safe platforms, powered by at-scale manufacturing and supercharged by our unbelievable crew,” stated Intel’s CEO Pat Gelsinger.