Reported 2 months ago
Intel's shares have dropped in after-hours trading after the company reported second-quarter earnings that fell short of expectations, posting $12.83 billion in revenue against an anticipated $12.95 billion, and adjusted earnings of $0.02 per share compared to the expected $0.10. In response, the semiconductor giant announced a $10 billion cost-cutting plan which includes laying off 15,000 employees.
Source: YAHOO