(AOF) – The black streak continues for the semiconductor sector. After Texas Instruments and STMicrolectronics, Intel revealed disappointing prospects and is expected to fall on Wall Street. In the first half, the Santa Clara (Cafifornia) firm expects adjusted earnings per share of 13 cents for revenues between $12.2 and $13.2 billion. Analysts polled by Bloomberg expect 34 cents and $14.25 billion, respectively.
The group is facing lower demand than traditionally this season for PC and server products. Intel also questioned the correction of stocks of its non-essential products, particularly at Mobileye.
A better end to the year than expected
In the fourth quarter, the world’s number one semiconductor company generated net profit, group share, of $2.7 billion, or 63 cents per share, compared with a loss of 0.7 billion euros, a year earlier. earlier. Adjusted earnings per share came to 54 cents, a level higher than the consensus of 44 cents. Its revenues jumped 10% to $15.4 billion, compared to the consensus of $15.2 billion.