Intel (INTC) shares dropped 3.3% pre-market after the chip company's Q2 earnings missed expectations and it cut its FY revenue forecast amid the global slump in PC sales and the slowdown in China. Net profit dropped 29.3% to $2B, EPS came in at $0.39 and revenue slipped 5.2% to $12.81B. On a downbeat earnings call, the company said H2 visibility is limited, although it's banking on improving macro conditions and a flurry of launches of Intel-powered mobile devices to lift sales.
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