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Intel slashes first-quarter revenue forecast
March 12, 2015 / 1:11 PM / 3 years ago

Intel slashes first-quarter revenue forecast

March 12 (Reuters) - Intel Corp slashed its revenue forecast for the first quarter, citing lower-than-expected demand for business PCs and lower inventory levels across the PC supply chain.

The chipmaker’s shares fell 4 percent in premarket trading.

Intel said it expects first-quarter revenue of $12.8 billion, plus or minus $300 million. It had earlier forecast$13.7 billion, plus or minus $500 million. (Reporting by Anya George Tharakan in Bengaluru; Editing by Don Sebastian)

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