SAN FRANCISCO (Reuters) – Intel Corp cut its full-year revenue forecast as the personal computer industry experiences slumping sales and a shift toward tablets and smartphones.
The world’s top chipmaker on Wednesday posted second-quarter revenue of $12.8 billion and said revenue in the current quarter would be $13.5 billion, give or take $500 million.
Analysts expected $12.896 billion in revenue for the second quarter and $13.732 billion for the current quarter, according to Thomson Reuters I/B/E/S.
Intel said it expects 2013 revenue to be flat from the year before. Last quarter Intel forecast a low single digit percentage increase in 2013.
For the second quarter, Intel reported net earnings of $2.0 billion, or 39 cents a share, in line with expectations. That compared with $2.827 billion, or 54 cents, in the same quarter last year.
Shares of Intel fell 1.86 percent in extended trade after closing down 0.41 percent at $24.15 on the Nasdaq.
(Reporting by Noel Randewich; Editing by Steve Orlofsky)
