chip maker

Intel's Profit Surges 51%, but Outlook Is Cautious

 

Intel Corp. posted a 51% surge in fourth-quarter profit but sounded a cautious note about business conditions in the first quarter and the rest of the year.

The forecast by the giant chip maker, whose results are seen as a gauge for global technology demand, sent its shares down more than 14% in after-hours trading.

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Stock Symbol: INTC INTEL CP Stock Price: $20.66 Todays Change: -0.27 (-1.29%)