Intel posted second-quarter revenue of $12.8 billion Wednesday, as an ongoing slowdown in computer sales caused the PC chip giant to miss analyst expectations by almost $100 million.
The company said it earned $2 billion in the quarter, down from $2.83 billion in the year-earlier period, while the sales figure represented a 4-percent drop.
Intel chief executive Brian Krzanich said he was optimistic about the future of the company, which is attempting a rapid shift to production of chips for mobile devices.
"In my first two months as CEO, I have listened to a wide variety of views about Intel and our industry from customers, employees and my leadership team, and I am more confident than ever about our opportunity as a company," he said.
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