Intel Withdraws 2020 Guidance Due to COVID-19 Uncertainty

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. 

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Source Fool.com