Intel reported fourth-quarter earnings on Thursday that beat Wall Street expectations but offered soft guidance for the current quarter.

Intel just beat expectations with its latest results but came up short with its forecast as a supply crunch grips the chip sector.

The struggling US chip maker’s revenue forecast falls well short of Wall Street expectations amid recently raised guidance.

By Arsheeya Bajwa Jan 21 (Reuters) - Intel shareholders are optimistic about the company's results like they have not been for many quarters, betting the turnaround CEO Lip-Bu Tan promised was taking root and that rapid data center build outs were fueling strong demand for its traditional server chips.

After a big recent run up, Intel shares are taking a breather in Thursday's extended session, down about 5%. The company's latest guidance underwhelmed, with Intel unable to meet all its demand. Expectations were also high heading into the report,

Jay Goldberg, Seaport, joins 'Closing Bell Overtime' to talk Intel Q4 results and what is pulling on the stock after hours.

By Arsheeya Bajwa Jan 22 (Reuters) - Intel forecast first-quarter revenue and profit below market estimates on Thursday, as it struggles to match supply to booming demand for traditional server chips used in artificial intelligence data centers.

Intel ( INTC) is set to report earnings after the bell Thursday, and its financial results could either solidify or rattle the chip stock’s 47% gain over the past month amid growing Wall Street optimism over the company’s long-awaited turnaround.

Intel let a little air out of Wall Street’s superheated enthusiasm for the chipmaker Thursday, reporting middling financial results and warning of a slow quarter ahead. Shares dropped 6% in after-hours trading.

US chipmaker Intel on Thursday gave a downbeat revenue outlook, with executives citing “industry-wide” supply chain constraints hampering its growth.

Live Updates Get The Best Intel Live Earnings Coverage Like This Every Quarter Get earnings reminders, our top analysis on Intel, market updates, and brand-new stock recommendations delivered directly to your inbox.