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Wall Street Breakfast

Wall Street Breakfast: Intel Misses

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 27 January 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

Intel (INTC) plunges after Q1 guidance badly misses expectations. Walmart (WMT) plans to expand Sam's Club for the first time in five years. Travel demand: Airbus (EADSY) to recruit 13,000 new employees in 2023.

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Show links:

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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

0:07.0

Good morning, today is Friday, January 27th, and I'm your host Julie Morgan, top stories at a time when companies are getting rid of personnel

0:16.6

Airbus is hiring Airbus is looking to recruit 13,000 workers in 2023.

0:23.2

Intel reported earnings that missed on top and bottom lines.

0:27.2

The future outlook isn't too bright either,

0:29.6

and one seeking Alpha analyst is saying the dividend may be in danger.

0:34.8

And Walmart is expanding Sam's Club for the first time in more than five years.

0:40.0

In addition to new larger redesigned stores, the company is also launching five distribution centers this year.

0:48.3

We begin with Intel. Intel is down 10% pre-market.

0:53.0

This happening after the semiconductor giant reported fourth quarter results

0:57.0

that missed expectations and issued first quarter guidance

1:01.0

that indicated further weakness.

1:03.0

For the period ending December 31st,

1:05.4

Intel earned 10 cents per share on 14.04 billion dollars in revenue.

1:11.2

A consensus of analysts expected Intel to earn 20 cents per share on

1:15.9

14.5 billion dollars in revenue. Looking to the first quarter Intel expects to

1:21.6

lose 15 cents per share with revenue forecast to be

1:25.4

between 10.5 and 11.5 billion dollars. The company also expects gross margins

1:31.8

to fall below 40%.

1:34.1

Analysts expect the company to earn 25 cents per share,

1:38.0

13.96 billion dollars in sales,

1:41.2

and gross margins of 45.5%. Just this week Jonathan Weber

...

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