Intel CFO David Zinsner Tells Reuters Israel Fab Explosion Cut Q4 Revenue Outlook By About $300M, Gross Margin By About 200 Basis Points
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Why It Matters
An explosion at Intel's factory in Israel will cost them about $300 million in sales this quarter. When a company makes less money and its profit shrinks, it can mean tougher times ahead.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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