Reported 1 day ago
Intel Corporation (INTC) shares fell by 8.53% to $20.7 following a disappointing earnings report, revealing an 81% increase in net loss to $2.1 billion and flat revenues of $12.9 billion. The company also announced a 15% workforce reduction and the cancellation of plans to establish new chip facilities in Europe as part of its restructuring efforts aimed at improving profitability.
Source: YAHOO