Instant Reaction: Intel Gives Weak Forecast, Shares Slide Afterhours

<p>Intel gave a lackluster forecast for the current quarter after manufacturing problems hampered a comeback bid, a disappointment for investors who anticipated more of a boost from new products.<br />First-quarter revenue will be $11.7 billion to $12.7 billion, the company said in a statement Thursday. The midpoint of that range fell short of the $12.6 billion estimated by analysts. The company expects to break even in earnings per share, excluding certain items. Wall Street had projected a profit of 8 cents a share.</p> <p>Intel is struggling with its manufacturing yields &mdash; the percentage of usable chips coming out of its factories &mdash; making it harder to fill orders. The once-dominant semiconductor company has spent years trying to restore its technological edge and recover from market share losses, and this is one more setback.</p> <p>Intel shares fell about 5% in extended trading Thursday following the report.</p> <p>For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with&nbsp;Ivan Feinseth, Research Director and Chief Investment Officer at Tigress Financial Partners.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>