topics = free printable:r48vfgprefo= elf on the shelf letter, easy:8sts33fga4i= anime drawing, acrylic:jy6dpa7idkq= light pink nails, high resolution:nnifwwuwy3k= watercolor background, easy:nx4x7tckjyc= mountain drawing, wallpaper:5zgc4zbaszu= kate beckinsale, logo:477khbynynk= facebook, purple:lxuwmdpfsck= aesthetic background, anime:hm_tsyqpgrm= art, drawing:4hx1qeafey4= elsa frozen, drawing:y_kabm_vwgo= harriet tubman, simple:qhowtq1ctgo= lehenga for women, wallpaper:hoif5b5-uhw= the last of us, logo:lnmmnxujqfa= ford, watch stolen baby: the murder of heidi broussard film, logo:lwxu6ad7bmi= sanborns, blue:k929xoslxug= galaxy, wallpaper:w7h9arcru1i= anime girls, cute:lrn58vezlhw= kawaii:klajudwpteg= drawing, art:k2e9sf83ewu= lunar new year dragon, outline:4ytcr9shpoe= love heart, aesthetic:rbl-zvtrb1a= girl, art:fph4dsbl7ly= design, logo:pbcc4rhhshi= leicester city, interior:w6fddmzkng8= xuv 700, high resolution:noyh563wryw= dark background, full grown:fpvgddkdwac= teacup yorkie, drawing:dwxzieykpim= pictures to draw, red:1rjoyd32uuy= blood, aesthetic:vcthxdrzrca= stich, baby:qqsxybfnlvs= giraffe, printable:w_rnc-pggu8= wedding checklist, map:0dhuiinqbko= peak district, tattoo:nunsqkojaqe= rihanna, cute:_757rbppozw= background:wlt1zjjr8ju= wallpaper, beautiful:ejfgxbds35o= christmas drawing, logo:x01yb3rbboc= pizza hut, easy:kh_70vp9epq= devil makeup, simple:-aityroumas= home design, anime:77ddsm9bsp0= cute:77ddsm9bsp0= penguin, baby:0mh2cydl_7c= shirley temple, pencil:pan_dxttl8o= cute anime girl drawing, logo:-zu9rfyvi3s= club america, wallpaper:1j4txwcld5y= pink background aesthetic, dark:qxn58ldnf2g= minimalist wallpaper, beautiful:mq4euzdnvwo= anime girl gif, logo:regfjpinfu8= burberry, puppy:8avgslztl1c= rottweiler dog, anime:m4gwqn48x7m= comics, logo:-7ez0_yeuye= seahawks, sketch:maxtmlbkuj8= iron man drawing, cute:d-iext-ctxo= easy pumpkin carving ideas, drawing:djnm7bfefze= cute:mdxrjkgre8i= cat, beautiful:sftbzg8sjag= india, sketch:exqa58yyn6w= avengers drawing, sketch:znljzyqgcps= cute drawings, aesthetic:jibic5_7qgq= sunflower wallpaper, transparent:sygtvam-hmo= heart, kawaii:ppmdzyacsrk= cute anime girl, wallpaper:ztxcb9yztx0= black hole, small:854pmvp_cs0= tatoo, animated:lzvcc9k6lea= yes, anime:4im0gke2srq= sketches, purple:3ujikaeuqzc= azalea, wallpaper:orlvfxtkha4= blackpink, animated:lqmcqucq4i4= spider man, beautiful:x3juq7bs9hq= pakistan, easy:5hmhlhkl1_c= things to build in minecraft, kawaii:kiurklnqq1g= dibujos aesthetic faciles, logo:e-cz4ldtsc8= cactus jack, transparent:o3-zcjazjue= tree clipart, wallpaper:xvj1vcrvf-g= floral background, beautiful:7qkictjo6ai= algeria, transparent:daavlqsiuoq= music notes, pink:nbxt8og43w0= nike, map:7lftoaasfqm= canada, realistic:k2yyfrc6lvw= cow drawing, silhouette:bdpvn3-wxti= person, cool:qzwkjnrdnjy= roblox, clipart:kfmfti3lz00= candy canes, wallpaper:u5ydyg2pntu= taehyung, logo:umcq-josnko= guess, printable:tsptvkf2vpq= june 2023, map:yanqqz9rlny= uganda, fashion:0cgbqqql9ku= ariana grande, girl:dxhnnlznpvk= bad guys, kawaii:ilujsq2-0be= arcoiris, transparent:piebvmukbxq= instagram logo, red:uxveig8n37q= jordan 5, logo:uxizsp7kx34= mario bros, logo:8ncmvtklf0c= iphone, logo:rpsjnpv8t2u= pittsburgh pirates, free printable:svtlrdbmmjq= fall coloring pages, iphone:nxb_btdvfa0= light wallpaper, simple:rkxzam4rq3i= usa map, printable:pfubwnlylj4= pumpkin stencils, blue:k1s8aum_rpu= maine coon, cool:guct9ln2k-u= 3d wallpapers, logo:1jkuueymhey= james bond, beautiful:5vcdaxlp3em= princess, wallpaper:rjqrkec9biw= vinicius jr, clipart:d7_n5xrj6xo= cone, beautiful:jkk3khpndza= art drawing, transparent:phqz4x2yr2e= coquette bow, cute:h6imtuisouu= radha, wallpaper:88qgxgbn4nk= fox, wallpaper:ezqfztlob48= shinobu, drawing:mqsgrh17jma= drake, printable:_uj-8szw8k8= family tree template, logo:--gvmggpas8= bundeswehr, wallpaper:uy-gptauduo= skull, blue:wbqugkp_nra= sky, simple:k1hirjhbv5m= how to tie a tie, girl:gnem_h_qti0= wolf haircut, pastel:fcwtxbqdh0w= rainbow cake, pastel:lrozi8h4jyi= wallpaper for laptop, full hd:-0moezhx-ak= iphone:yhcqowwh_uy= fondos de pantalla, sasuke:xxtr_kn9ifu= drawing:--wc_usmqeo= naruto, anime:5pvxun1m3oa= demon slayer mitsuri, lock screen:hyotctyl2iw= gojo satoru wallpaper, cute:f6hdqtq5uhq= gerbil, tiernos:4sje6hd0uzw= kawaii:zymdychsile= dibujos para colorear, long hair:d5jxrhqoopu= eren yeager, beautiful:6ihsjixgxx0= dragons, pencil:dvyyw9ilc_e= peacock drawing easy, flower:nnjs5v__d8a= beautiful, boy:ce6-5raydyc= watch, live wallpaper:7yxelnfx4cy= rengoku wallpaper, aesthetic:qwwrrprcoco= pink backgrounds, drawing:syu3f2zqmyc= naruto characters, logo:wjrzhg_gqaw= bears, cute:efgpigvq788= aesthetic wallpaper, photography:83f8iax4y_g= beautiful real nature images, anime:7i9iperup94= marin, background:w_o82b1tabi= cute desktop wallpaper, interior:kavmiuq8ese= car accessories, flower:ptaa7iymh-i= acacia,
Business

Intel Misses Q2 Targets, Unveils $10 Billion Cost-Reduction Plan

Intel Corporation, a leader in the semiconductor industry, announced a disappointing second quarter, missing Wall Street’s expectations. This announcement was coupled with a substantial $10 billion cost-reduction strategy and the suspension of its quarterly dividend, causing Intel stock to plunge in after-hours trading.

Q2 Performance Falls Short

For the June quarter, In tel reported adjusted earnings of 2 cents per share on revenue of $12.83 billion. This fell short of the anticipated 10 cents per share on $12.92 billion in sales, according to FactSet. Year-over-year, Intel’s earnings plummeted 85%, while sales saw a slight decline of 1%.

Third Quarter Outlook

In tel’s guidance for the third quarter projects an adjusted loss of 3 cents per share on $13 billion in sales. This projection contrasts sharply with analysts’ expectations of 31 cents per share on $14.43 billion in revenue. Comparatively, in the same quarter last year, Intel earned 41 cents per share on sales of $14.16 billion.

Read also:- Vybz Kartel Free: Dancehall Star Released After Years Behind Bars

Strategic Cost-Reduction Initiatives

In response to the challenging financial performance, Intel has initiated a comprehensive cost-reduction plan aimed at saving $10 billion. This includes a significant reduction in workforce by over 15%. The company has also decided to suspend its dividend starting in the fourth quarter to further streamline its expenditures.

CEO’s Perspective

Pat Gelsinger, Intel’s Chief Executive Officer, acknowledged the disappointing financial performance in the company’s press release. “Our Q2 financial performance was disappointing, even as we hit key product and process technology milestones,” Gelsinger stated. He highlighted the unforeseen challenges in the second half of the year and emphasized the need for decisive actions to enhance operational and capital efficiencies.

Market Reaction

Following the announcement, In tel’s stock took a significant hit. In after-hours trading, the stock dropped over 19% to $23.27. Earlier in the day, during regular trading hours, Intel shares had already fallen by 5.5%, closing at $29.05 amid a broader sell-off in the semiconductor sector.

Navigating Future Challenges

As Intel navigates these turbulent times, the company remains focused on leveraging its new operating model. This model is designed to take decisive actions that will improve both operational and capital efficiencies, positioning Intel for a more stable future despite current market challenges.

In tel’s aggressive cost-reduction measures and strategic shifts underscore the company’s commitment to overcoming its financial hurdles. Investors and market analysts will closely watch how these initiatives impact Intel’s performance in the coming quarters.

Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
error: Content is protected !!