Intel Falls as It Reports an Unprofitable Second Quarter

Intel decreased its full-year earnings and revenue expectations.

Intel slashed its full-year guidance and turned in worse-than expected quarterly results.On Tuesday the U.S. House approved legislation Intel requested that would subsidize microprocessor manufacturing in the country.

shares fell more than 10% in extended trading on Thursday after the chipmaker reported second-quarter results and quarterly and full-year guidance that fell short of analysts' expectations.29 cents per share, adjusted, vs. 70 cents per share as expected by analysts, according to Refinitiv.Stay informed about local news and weather. Get the NBC Chicago app for

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