Business

Intel CEO Says Third Quarter Is ‘Bottom’ After Dour Forecast

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In the second quarter, revenue fell 22% to $15.3 billion, significantly below the average analyst estimate of $18 billion. Per-share profit excluding some items was 29 cents, Intel said, while analysts had predicted 69 cents. Sales in the current period will be as low as $15 billion, compared with projections of $18.7 billion, and gross margin will narrow to 47%.



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