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Intel reported a decrease in sales and a net loss in the fourth quarter, where the American chip maker tries to turn after the turmoil that led to the overthrow of the CEO, Pat Celeston, last year.
The Silicon Valley Group said its revenues decreased by 7 percent on an annual basis in the fourth quarter to 14.3 billion dollars. It also recorded a net loss of about $ 126 million, compared to the profit of $ 2.7 billion in the same period in the previous year. Analysts expected a loss in the fourth quarter of $ 838 million on $ 13.8 billion sales.
“The plan to reduce the costs that we announced last year to improve the company's path has an impact,” said David Zensner, the insured who participates in SEO and the financial manager. “We enhance the culture of efficiency throughout working with driving towards greater returns on invested capital and improving profitability.”
Intel He is still looking for an alternative executive head to try to revive her wealth. Gilgringer was Exit In December four years after CEO amid escalating pressure from investors who lost their confidence in his vision Rotation Business by re -invention as a dance manufacturer facing the customer. The company informed a loss of $ 16.6 billion in the third quarter of 2024, which is the largest quarterly loss in its history.
Intel sales and profits fell in the first quarter of 2025 from Wall Street's expectations. The group said that the current quarter revenues will range between 11.7 billion dollars and 12.7 billion dollars, and the loss of medium analysts estimated at $ 12.9 billion.
Intel shares rose about 2 percent in after -hour trading in New York.
