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Intel Withdraws 2020 Guidance Due to COVID-19 Uncertainty

TheMotleyFool

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Intel Withdraws 2020 Guidance Due to COVID-19 UncertaintyPhoto, wide shot, wide-angle lens, Cloud computing provider, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/8d7b6619-8b3b-4e9e-b659-68643d72528e.png

Intel (NASDAQ: INTC) withdrew its guidance for all of 2020 and offered up a lower-than-expected outlook for the current second-quarter, citing uncertainty driven by the ongoing COVID-19 pandemic.

In conjunction with its first-quarter earnings release, the world's largest chipmaker announced it was withdrawing guidance for the full year due to COVID-19.

IMAGE SOURCE: GETTY IMAGES.

Source Fool.com

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