Beleaguered Intel reports largest quarterly loss in company history

Intel reported first-quarter results on Thursday that showed a staggering 133% annual reduction in earnings per share. Revenue dropped nearly 36% year over year to $11.7 billion.Kif Leswing for CNBC:For the second quarter, Intel expects to lose 4 cents per share on revenue of $12 billion. That forecast is shy of analyst expectations for earnings of 1 cent per share on $11.75 billion in sales, according to Refinitiv.
In the first quarter, Intel swung to a net loss of $2.8 billion, or 66 cents per