TMTB: INTC First Takes, EOD Wrap

INTC -7% as Q4 better but Q1 significantly weaker than expected despite low expectations.

Q1 Rev guide $12.7B at midpoint (buyside expects had been low to mid $13B’s with street at $14.2B), likely pointing to weak PC demand. Q1 GM guide of 44.% in line after Q4 GM at 48.8% vs street at 46.%