Intel Shares Plunge 18% As It Plans Layoffs, Halts Dividends After Missing Q2 Estimates
Intel’s shares fell over 18% to $23.56 in after-hours trading on August 1 after the chipmaker’s Q2 earnings missed top and bottom line estimates. The company’s overall revenue fell 1% year-over-year (YoY) to $12.8 billion, missing analyst estimates of $12.9 billion. The chipmaker’s Q3 revenue estimates between $12.5 billion and $13.5 billion were again below … Read more
