Intel Corporation (NASDAQ:INTC) expects to report a significant year-over-year improvement in its fourth quarter profit when it hands down its latest earnings report after the market close on January 25.
The chipmaker has guided earnings per share of $0.44, up from $0.10 in the year-ago quarter. Wall Street analysts, on average, also expect EPS of $0.44.
Revenue is also expected to improve year-over-year from $14 billion to $14.6 billion to $15.6 billion.
Wall Street analysts expect revenue at the midpoint of Intel’s guidance at $15.1 billion.
However, for the full-year 2023, analysts expect Intel to report a 14.4% drop in revenue to $60 billion and an almost 50% drop in EPS to $0.95.
Intel shares traded down 2% at US$46.10 at noon on Wednesday.