Intel: Big Disappointment Deserves Aggressive Response

JHVEPhoto Intel (NASDAQ:INTC) shares crashed more than 20% in after hours trading, after the company reported a weaker than expected Q2 print, disappointing against Wall Street estimates on both topline and earnings. Notably, revenue in the June quarter fell YoY, while GAAP EPS came in at a barely profitable $0.02 per share (GAAP EPS was negative). In addition, guidance for Q3 came in worse than what analysts projected, at $12.5 to $13.5 billion. Responding to the disappointing earnings print, management an ...