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Indebta > Investing > Intel expected to post biggest loss on record: Has chip maker finally hit bottom?
Investing

Intel expected to post biggest loss on record: Has chip maker finally hit bottom?

News Room
Last updated: 2023/04/28 at 8:18 PM
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Intel Corp. is expected to post its worst quarterly loss on record Thursday, and Wall Street is hoping it’s rock bottom for the struggling chip maker, just as analysts are forecasting a bottom and recovery for the glut-ridden sector to take hold by the end of the year.

Intel INTC is scheduled to report earnings after the close of markets on Thursday, and analysts on average expect the Silicon Valley giant to report a loss of more than $3 billion, or 76 cents a share, according to FactSet. That would be by far the largest quarterly…

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News Room April 28, 2023 April 28, 2023
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Chris Hohn’s hedge fund TCI beats stock markets with 21% gain

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

US economy surpasses expectations to add 147,000 jobs

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BlackRock and Schroders bought gilts during market slump

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