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Intel reported a decrease in sales and a net loss in the fourth quarter when the US chips manufacturer. UU. It tries a change after the agitation that led to the expulsion of executive president Pat Gelsinger last year.
The Silicon Valley Group said its income fell 7 percent year after year in the fourth quarter to $ 14.3 billion. It also recorded a net loss of approximately $ 126mn, compared to a gain of $ 2.7 billion in the same period of the previous year. The analysts had predicted a loss of the fourth quarter of $ 838mn in sales of $ 13.8 billion.
“The cost reduction plan we announced last year to improve the company’s trajectory is having an impact,” said David Zinsner, interim co-zo and financial director. “We are promoting a culture of efficiency throughout the business while leading to a higher performance of our invested capital and better profitability.”
Intel is still looking for an executive replacement director to try to relive his fortune. Gelsinger was forced in December after four years as CEO in the middle of the growing pressure of investors who lost faith in their vision of changing the business by reinventing it as a chip manufacturing business with customers. The company reported a loss of $ 16.6 billion in the third quarter of 2024, the largest quarterly loss in its history.
Intel forecasts for sales and profits in the first quarter of 2025 did not reach the projections of Wall Street. The group said that current revenues of the quarter will be between $ 11.7 billion and $ 12.7 billion, average estimates of average analysts of $ 12.9 billion.
Intel shares increased approximately 2 percent in negotiation outside schedule in New York.
