Proactive Investors - Intel Corporation (NASDAQ:INTC) expects to report a significant year-over-year improvement in its fourth quarter profit when it hands down its latest earnings report after the market close on Thursday, January 25.
The chipmaker has guided earnings per share of $0.44, up from $0.10 in the year-ago quarter. Wall Street analysts, on average, also expect EPS of $0.44.
Revenue is also expected to improve year-over-year from $14 billion to $14.6 billion to $15.6 billion.
Wall Street analysts expect revenue at the midpoint of Intel’s guidance at $15.1 billion.
However, for the full-year 2023, analysts expect Intel to report a 14.4% drop in revenue to $60 billion and an almost 50% drop in EPS to $0.95.
Intel shares traded down 2% at US$46.10 at noon on Wednesday.