Intel's stock plunged in after-hours trading Thursday after the company posted disappointing fourth-quarter results.
The chip-making giant's revenue and earnings both fell short of analysts' expectations. Wall Street's outlook, they would not even meet their year-earlier results.
In recent trading, the company's stock is down $ 4.01, or 8.1%, to $ 45.75 a share.
Here's what the company said and compared with Wall Street's expectations:
- Q4 '18 revenue: $ 18.7 billion. Analysts had $ 19.01 billion. In the fourth quarter of 2017, the company posted $ 17.05 billion in sales.
- Q4 '1
- Q1 '19 revenue (guidance): $ 16 billion. Analysts had previously predicted $ 17.34 billion. The company saw $ 16.07 billion in the same quarter a year ago.
- Q1 '19 EPS (guidance): 81 cents. Wall Street had forecast 96 cents a share. In the first quarter last year, it earned 93 cents a share.
- Full-year 2019 revenue (guidance): $ 71.5 billion. Analysts had forecast $ 73.01 billion. Intel saw $ 70.8 billion in sales in 2018.
- Full-year 2019 EPS (guidance): $ 4.35. Wall Street which is predicting $ 4.35 a share. In 2018, Intel earned $ 4.48 a share.
The report comes as Intel is still looking for a permanent CEO. The company's former head, Brian Krzanich, resigned in June after Intel had discovered that he had a relationship with a company employee, in violation of its policies. Since Krzanich's resignation, Bob Swan, the company's chief financial officer, has been serving as its interim CEO.
Intel's stock closed regular trading up $ 1.82, or 3.8%, to $ 49.76.
Get the latest Intel stock price here.