Intel Corp. announced first-quarter revenue of $12.67 billion but issued a weak revenue forecast and plans for potential job cuts. The company’s stock declined by 7% as investors reacted to the disappointing outlook. ​Investopedia

Key Facts:

• Q1 Revenue: $12.67 billion.
• Shares dropped 7% following the announcement.
• Company plans potential job reductions amid weak guidance. ​

Further Reading:

• Investopedia: 5 Things to Know Before the Stock Market Opens