Intel has lowered its full year outlook amid warnings of a tough economic environment.
The microprocessor manufacturer announced second quarter results which showed net income of $2.8 billion for the March to June period.
It was down from the $3 billion income announced in the same quarter last year. Earnings per share remained unchanged at $0.54 per share as the company has gradually repurchased its own shares.
Revenues rose 3% compared to last year to $13.5 billion.
Shares in Intel fell roughly 1% in after-hours trading.
Intel expects to generate $14.3 billion in revenues for the third quarter.
It also expects revenue growth for the full year of between 3 and 5%.
