Intel Shares Plunge 23% as Weak Guidance Overshadows Q3 Earnings Beat
Key Highlights: Intel Foundry revenue jumped 58% year-over-year to $6.7 billion on improved yields, while Client Computing Group revenue fell 5% to $8.1 billion. Weak fourth-quarter guidance targets revenue between $15.0 billion and $16.0 billion alongside an EPS projection of $0.25, significantly below Wall Street consensus. Intel shares dropped 23% in after-hours trading, wiping out ...