Intel misses targets in Q2 with revenue falling 17% to $15.3B

Intel reported that its second-quarter revenues and profits were below expectations, as the chip giant dealt with weakness in the PC market. 

On a non-GAAP basis, Santa Clara, California-based Intel reported a net income of 29 cents a share, down 79% from a year earlier. Non-GAAP revenue for the quarter was $15.3 billion, down 17% from a year ago.