Intel (INTC) cuts quarterly dividend payout by 65%
The company cut its dividend from 36.5 cents to 12.5 cents following weeks of previous compensation cuts.
New to Shacknews? Signup for a Free Account
Already have an account? Login Now
The company cut its dividend from 36.5 cents to 12.5 cents following weeks of previous compensation cuts.
Intel was already seeking to establish a state-of-the-art chip factory in Germany with the government covering 7 billion euros of the cost.
Intel's Q4 2022 earnings results unfortunately missed on a few different metrics as it closed out its fiscal year.
The company anticipates lower revenue, below previous expectations of $13.9 billion.
Here's how you can listen to Intel's (INTC) earnings call for Q4 2022.
Intel met expectations for Q3 2022, but lowered guidance for Q4 2022 and FY 2022 point to uncertain times.
The company beat EPS expectations despite GAAP revenue for Q3 being down 20 percent YoY.
The IPO for Mobileye raised Intel $861 million, with Mobileye stock up 34 percent at $21 per share.
Shares are expected to be priced anywhere between $18 and $20 each.
AMD is on an upward climb, surpassing Intel in terms of recent earnings reports results and market capitalization.