Jan 24, 2019

Intel shares fall as sales, outlook disappoint

Ina Fried, author of Login

Photo: Intel

Intel shares fell more than 7% in after-hours trading Thursday after the chipmaker's quarterly sales and forecast fell short of what investors were expecting.

Why it matters: Intel is one of the leading technology component vendors and its outlook highlights challenges facing a broad swath of the industry.

Shares changed hands recently at $46.22, down $3.54, or 7.11%.

The earnings announcement also had no word on the company's vacant CEO spot, but that should be a topic of analysts' interest on the upcoming conference call.

Behind the numbers: Intel blamed a range of factors including weakness in China and lower-than-expected modem sales (aka weaker iPhone sales).

  • In a slide that accompanied the earnings report, the company said it expected $200 million more revenue than it got from its modem business in the quarter.

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What's happening: It's one of several tense, late-night standoffs between law enforcement and demonstrators in the United States over the death of George Floyd and other police-related killings of black people.

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Coronavirus dashboard

Photo Illustration: Sarah Grillo/Axios. Photos: Noam Galai, Jamie McCarthy, Josep Lago/AFP, Alfredo Estrella/AFP, and Narayan Maharjan/NurPhoto, all via Getty Images

  1. Global: Total confirmed cases as of 5 a.m. ET: 6,181,781 — Total deaths: 372,136— Total recoveries — 2,646,874Map.
  2. U.S.: Total confirmed cases as of 5 a.m. ET: 1,790,191 — Total deaths: 104,383— Total recoveries: 444,758 — Total tested: 16,936,891Map.
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  4. 2020: AIPAC conference in March 2021 canceled.
  5. Economy: What U.S. workplaces may look like next — Both part of America's unfinished businessFuture of mobility in post-pandemic world.
  6. World: Former FDA commissioner says "this is not the time" to cut ties with WHO — White House sends 2 million doses of hydroxychloroquine to Brazil, 1,000 ventilators to come.

Your guide to comparing climate change and coronavirus

Illustration: Eniola Odetunde/Axios

Climate change and the coronavirus have a lot more in common than the letter C, but their differences explain society’s divergent responses to each.

Why it matters: The Internet is full of comparisons, some from biased perspectives. I'm going to try to cut through the noise to help discerning readers looking for objective information.