The world's largest semiconductor maker's shares fell Fri. after it reported better-than-expected Q4 EPS on roughly in-line sales late Thu., but forecast anemic sales growth this quarter. Growth in Intel's (INTC) bread-and-butter PC market is sluggish and it expects Q1 sales to fall 6% vs. same quarter last year. Analysts expected a 5% drop. Still, Intel's guidance for Q1 was milder than the typical seasonal decline, Canaccord Genuity said in a client note Fri. The bank has a hold rating on Intel. Shares fell 6.3%.
- Investment & Company Information