Intel Reports Mixed Q4 2023 Results, Shares Tumble on Weak 2024 Outlook

January 26, 2024 – Intel today unveiled its financial results for the fourth quarter of 2023, revealing a mixed bag of outcomes. The tech giant reported revenues of 154.1billionforthequarter,surpassinganalystexpectationsof151.7 billion and marking a 10% year-over-year increase. Net income for the quarter stood at 27billion,asignificantturnaroundfromthenetlossof7 billion reported in the same period last year. Intel also boasted…

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