Intel Curbs Falcon Shores From Market, Quarterly Revenue Falls by 7%
Revenue came in at $14.26 billion, beating the projected $13.81 billion. However, revenue declined 7% year-over-year, marking the third consecutive quarter of decline. Net loss for the quarter stood at $126 million, or 3 cents per share, compared to a net income of $2.67 billion, or 63 cents per share, a year earlier.