Intel Stock Is Volatile After Earnings. There’s No Update on a New CEO.
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Intel stock was wavering Thursday after the chip maker gave a softer-than-expected revenue forecast for the March quarter. Meanwhile, Intel’s interim co-CEOs told Barron’s there was no update around timing for the completion of the company’s permanent CEO search. For the fourth quarter, Intel reported adjusted earnings of 13 cents a share, slightly above Wall Street’s consensus estimate for 12 cents, according to FactSet.
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