Intel Falls On Soft Q1 Guidance After Altera Close

By | January 14, 2016

Scalper1 News

Chinese uncertainty forced No. 1 chipmaker Intel to soften its Q1 guidance late Thursday after the company reported Q4 sales and earnings that topped Wall Street views following its recent acquisition of programmable-logic device maker Altera. Despite the beat, Q4 profit margins slipped and data center sales slowed, and Intel (INTC) stock was down more than 4% in after-hours trading, after the release. In Q4, sales of chips for Scalper1 News

Scalper1 News