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Intel issues weak forecast, citing seasonality and an uncertain economy

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Summary
Nutrition label

87% Informative

Intel 's revenue declined for a third straight quarter , decreasing 7% from a year earlier .

It's the chipmaker's first earnings report since announcing the departure of Pat Gelsinger as CEO.

Executives attributed the outlook to seasonality and competition, among other factors.

The company's net loss for the quarter totaled $126 million , or 3 cents per share, compared with $2.67 billion in the same quarter a year ago .

VR Score

95

Informative language

98

Neutral language

79

Article tone

formal

Language

English

Language complexity

49

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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