Intel (INTC) cuts revenue outlook to $8.2B vs. $8.74B consensus. Sees sales down 23% Y/Y on...

|About: Intel Corporation (INTC)|By:, SA News Editor
Intel (INTC) cuts revenue outlook to $8.2B vs. $8.74B consensus. Sees sales down 23% Y/Y on weakness in end demand and inventory reductions by its customers in the global PC supply chain. Predicts a $1.1-1.2B loss on equity investments etc. Shares -4.7% premarket. (PR)