{"id":82164,"date":"2022-07-29T11:41:10","date_gmt":"2022-07-29T15:41:10","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=82164"},"modified":"2022-07-29T11:35:56","modified_gmt":"2022-07-29T15:35:56","slug":"intel-stock-slumps-11-after-poor-earnings-show-softening-demand-for-pcs","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2022\/intel-stock-slumps-11-after-poor-earnings-show-softening-demand-for-pcs.html","title":{"rendered":"Intel stock slumps 11% after poor earnings show softening demand for PCs"},"content":{"rendered":"\n<p>(CNBC) <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/INTC\" target=\"_blank\">Intel<\/a> stock is down 11% on Friday, a day after the company reported <a href=\"https:\/\/www.cnbc.com\/2022\/07\/28\/intel-intc-earnings-q2-2022.html?&amp;qsearchterm=intel%20earnings\">disappointing second-quarter earnings<\/a> that missed on the top and bottom lines.\u00a0 Intel\u2019s revenue declined 22% year over year and missed consensus by 14%, the company\u2019s largest top-line disappointment since 1999, according to Refinitiv data. It ended the quarter with a $454 million net loss, compared with net income of $5 billion in the year-ago quarter.<\/p>\n\n\n\n<p><a href=\"http:\/\/To read this article:\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Intel stock is down 11% on Friday, a day after the company reported disappointing second-quarter earnings that missed on the top and bottom lines.\u00a0 Intel\u2019s revenue declined 22% year over year and missed consensus by 14%, the company\u2019s largest [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82164","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=82164"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82164\/revisions"}],"predecessor-version":[{"id":82165,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82164\/revisions\/82165"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=82164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=82164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=82164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}