Intel stock sinks as early 2024 outlook comes up short

Pat Gelsinger, CEO Intel, speaking on CNBC's Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024.Intel shares dropped in extended trading on Thursday after the chipmaker issued an outlook for the first quarter of 2024 that lagged analyst forecasts even as results for the latest quarter beat Wall Street estimates.Here's how Intel did versus LSEG (formerly Refinitiv) consensus expectations for the quarter ended in December:Earnings per share: 54 cents adjusted, vs. 45 cents expectedR ...