Intel earnings missed on the top and bottom line.
EPS $0.02 vs $0.10Revenues $12.83 billion versus $12.94 billion expected
Suspend dividend starting in a Q4 of 2024
Announces a $10 billion cost reduction plan.
Company is announcing a 15% headcount reduction
Shares after the close are trading down -10.12% at $26.10
This article was written by Greg Michalowski at www.forexlive.com.
