Intel Corp. Chief Executive Bob Swan acknowledged Wednesday that the company let investors down for lowering its outlook during its last earnings report....
Intel Corp. INTC, -2.10% Chief Executive Bob Swan acknowledged Wednesday that the company let investors down for lowering its outlook during its last earnings report. "We just came off our Q1 earnings call and we delivered our top and bottom line but we let you down and we let ourselves down," Swan said at the chip giant's annual investor meeting. "We lowered our guidance for the full year by $2.5 billion on the top line and 25 cents [per share] on the bottom line.
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