An announcement from Intel (INTC) is now available.
Intel Corporation has been impacted by the U.S. Department of Commerce’s decision to revoke export licenses for consumer-related items to a Chinese customer. This action is expected to affect the company’s second-quarter revenues, which are anticipated to fall below the midpoint of their projected $12.5 to $13.5 billion range. Despite this setback, Intel is still projecting year-over-year growth in revenue and earnings per share for the full year of 2024.
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