Intel Posts Narrower-Than-Expected Loss

Group 1 - Intel reported a fourth-quarter loss of $100 million, or 3 cents per share, which was narrower than analysts' expectations [1] - Revenue for the fourth quarter fell 7% year-over-year to $14.3 billion, exceeding analyst consensus [1] - The foundry division generated revenue of $4.5 billion, surpassing estimates [1] Group 2 - For the first quarter, Intel projected revenue between $11.7 billion and $12.7 billion, which is below the analyst consensus of $12.9 billion [2] - The expected loss of 27 cents per share for the first quarter is wider than the anticipated 13 cents [2] - These results mark Intel's first since the resignation of former CEO Pat Gelsinger [2] Group 3 - Intel has been the subject of takeover rumors, with Citi analysts identifying Broadcom as a potential buyer [3] - There is speculation that Broadcom might consider selling Intel's foundry business [3] - Following the earnings release, Intel's shares rose about 2% in extended trading, although the stock has lost more than half its value over the past year [3]