Nasdaq Closes Lower as Intel Outlook Misses and Microsoft Prices $25B in Debt
Photo: TokenPost
The Nasdaq Composite ended Friday lower as investors sold technology shares during a week of earnings reports. Intel’s fourth-quarter outlook came in below forecasts, while Microsoft priced $25 billion in debt to fund capital expenditures, share repurchases and general corporate purposes. Intel’s revenue nearly matched estimates, and its adjusted profit topped forecasts. The company cited supply constraints and their expected effects on revenue and gross margin. Microsoft forecasts more than $50 billion in spending, with outlays rising during the latter half of fiscal 2027. The company also expects to remain free cash flow positive for the fiscal year.
Source: TokenPost
