00:00It's Benzinga bringing Wall Street to Main Street.
00:02Intel reported a wider fourth quarter loss
00:05and forecast continued losses
00:06as heavy spending to ramp up new chip production
00:09collided.
00:10with inventory shortages, according to the Wall Street Journal.
00:13Intel posted a $300.
00:15$333 million net loss in the fourth quarter,
00:18wider than analysts' expectations.
00:20As revenue fell to $13.7 billion from $14.3 billion
00:25a year ago,
00:26data center sales rose 9% to $4.7 billion
00:30The company projected a first quarter 2026 loss
00:33of $0.21 per share.
00:35and revenue of $11.7 billion to $12.7 billion.
00:40Intel said depleted inventory
00:42limited its ability to meet server demand tide to AI.
00:45infrastructure upgrades.
00:47Executives said a turnaround remains a multi-year effort.
00:50Shares fell 17% Friday after the results.
00:53For all things money, visit Benzinga.com.
00:55Benzinga.
00:56Benzinga.com.
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