Intel Stock Slumps As Downbeat Forecasts Clouds Solid Q4 Earnings, Record Sales

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The Street

By Martin Baccardax Intel CEO Pat Gelsinger sees ‘unprecedented’ global demand for chips in the coming year, but notes that supply chain constraints will continue into early 2023. Intel (INTC) – Get Intel Corporation Report shares slumped lower Thursday after the chipmaker cautioned that supply chain disruptions would keep a lid on near-term profits growth, clouding the impact of its record fourth quarter revenue haul. Intel said March quarter earnings would come in around 80 cents per share, around 6 cents shy of the Refinitiv forecast, after posting record revenues of $19.53 billion and an a…

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