Intel shares drop 6% after delivering poor guidance for Q1

Intel Stocks are down 6% after business hours after the company announced a rare shortfall in its fourth-quarter earnings report and lower-than-expected first quarter guidance. The company reported non-GAAP EPS of $ 1.28 on a revenue of $ 18.66 billion (up 9% from a year earlier). Wall Street was expecting a 1.22 dollar EPS on revenue of $ 19.01 billion. The company expects to generate $ 16 billion in revenue in the next quarter, in sharp contrast to analysts' expectations of $ 17.4 billion. Intel's PC-based business grew 10 percent year-over-year to $ 9.8 billion, while its data-driven business grew

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