Shares of Intel Corp. slid in Wednesday's extended session after the semiconductor giant's quarterly earnings beat while revenue missed expectations slightly. Intel reported its second-quarter profit sank to $1.3 billion, or 27 cents a share, from $2.7 billion, or 55 cents a share, a year ago. On an adjusted basis, Intel would have earned 59 cents a share. Revenue edged up 3% to $13.5 billion. Analysts surveyed by FactSet had forecast the company to earn 54 cents a share on revenue of $13.56 billion. For the third quarter, Intel projected revenue of $14.9 billion, plus or minus $500 million, and gross margin of 60%, give or take a "couple of percentage points." Intel shares fell 3% in after-hours trading.
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