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Kiplinger
Kiplinger
Business
Joey Solitro

Intel's Ugly Earnings Report is Bad News for Income Investors

Intel Corporation INTC Christopher Rolland Susquehanna
An Intel sign posted in front of the company's headquarters in Santa Clara, California.

Intel (INTC) stock is easily the worst Dow Jones stock Friday, down roughly 30% at its intraday low, after the chipmaker reported second-quarter results that fell short of top- and bottom-line expectations. To make matters worse, INTC also provided a weak outlook for its third quarter, announced job cuts and suspended its dividend.

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