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Podcast: Bloomberg Daybreak: US Edition
Episode: Instant Reaction: Intel Gives Weak Forecast, Shares Slide Afterhours
Description: Intel gave a lackluster forecast for the current quarter after manufacturing problems hampered a comeback bid, a disappointment for investors who anticipated more of a boost from new products.First-quarter revenue will be $11.7 billion to $12.7 billion, the company said in a statement Thursday. The midpoint of that range fell short of the $12.6 billion estimated by analysts. The company expects to break even in earnings per share, excluding certain items. Wall Street had projected a profit of 8 cents a share. Intel is struggling with its manufacturing yields — the percentage of usable chips coming out of its factories — maki...