Julie Jacobson, Associated Press
Intel Corp. shares are dropping on the chipmaker's disappointing forecast for 2014.
The company, which has been struggling with the negative impact from weak PC sales, said Thursday at an analyst day that it is trying to reposition itself to sell products for a broad range of devices. But it expects its revenue for 2014 will be nearly unchanged from this year.
Based on Intel's revenue for the first nine months of the year and its forecast for the fourth quarter, it will generate revenue of roughly $52.6 billion in 2013. Analysts polled by FactSet had forecast sales of $53.65 billion for 2014.
Intel's stock is off 5.2 percent to $23.91 Friday afternoon. The Santa Clara, Calif.-based company's shares had gained 22 percent in 2013.
- San Diego Comic-Con tells Salt Lake...
- BYU grad strikes gold teaching via online...
- Healing souls, healing a mountain
- Dave Ramsey says: Don't leave an estate with...
- Fast food workers vow civil disobedience
- Plan to simplify 2015 health renewals may...
- Does getting married really increase wealth...
- Balancing act: Survey says lack of balance,...
- Renewable energy advocates decry... 18
- Fast food workers vow civil disobedience 12
- Dave Ramsey says: Don't leave an estate... 9
- Does getting married really increase... 8
- San Diego Comic-Con tells Salt Lake... 8
- BYU grad strikes gold teaching via... 7
- Balancing act: Survey says lack of... 4
- 3 ways you can save money on movie... 3