Intel Earnings Disappointment Sends Shares Soaring Downward
Intel Corporation reported its first quarter earnings after the bell, beating estimates on both top and bottom lines. However, a disappointing outlook led to shares plummeting more than 6% in after-hours trading. The company expects second-quarter revenue of $11.2-$12.4 billion, below Wall Street’s expectations of $12.8 billion. Intel CFO David Zinsner attributed the cautious approach … Read more