Intel misses on top and bottom line. Earnings-per-share $0.29 vs. expected $0.70

Intel earnings miss on the top and bottom line:

• earnings-per-share $0.29 vs. $0.70 expected
• revenues $15.3 billion vs. $17.92 billion expected
• lowers fiscal year revenues to $65 – $68 billion vs. $74 billion

Intel shares are trading down around 10%