April 29, 2022 Sophia Vida
Company News

Intel Beats on Top and Bottom Lines but Issues Weak Guidance

Tech giant Intel reported first quarter results this week that revealed a beat on both the top and bottom line. Unfortunately, the company also offered disappointing guidance. Intel’s quarterly PC chip business in particular was disappointing in part because of Apple’s transition to its own chips. The company’s shares fell 4% in extended trading on … Continue reading “Intel Beats on Top and Bottom Lines but Issues Weak Guidance”