Intel stock price: INTC’s Friday plunge sets up a tense week after weak outlook
Intel shares fell 17.0% to $45.07 after the company warned of Q1 supply constraints and forecast revenue between $11.7 billion and $12.7 billion. Fourth-quarter revenue came in at $13.7 billion with non-GAAP EPS of $0.15. CEO Lip-Bu Tan cited ongoing production yield issues. CFO David Zinsner said supply should improve in Q2.