REUTERS: Intel Corp on Thursday forecast second-quarter earnings below Wall Street views as it cited the cost of readying a new PC chip and said it would not update its full-year forecast because of"significant economic uncertainty" amid the coronavirus pandemic.
Swan said the company had to"temporarily pause" some projects due to local government restrictions at some sites, but said Intel's factories largely have been able to meet demand. “It’s a zero margin impact for the year. Given the timing of when the product is releasing, it just has a very big impact in one quarter. That explains more than the difference with consensus on EPS," Davis said.
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