Chip giant Intel Corp. may be seeing an end to the work-from-home boost it enjoyed during the pandemic, with earnings hit by consumers gravitating to cheaper laptops and data-center sales softening.
The company on Thursday said revenue dropped 4% to $18.3 billion after it enjoyed strong sales in the first half of the year. The company’s bottom line also suffered, with earnings per share falling to $1.02 in the period from $1.35 a year earlier and falling short of Wall Street’s expectation.
Intel, Earnings, NASDAQ:INTC, Stock, Data center
World news – US – Intel Hit as Consumers Flock to Lower-Cost Laptops, Datacenter Chips
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