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Intel Products CEO Michelle Johnston HolthausCNBC
•Technology
Technology
87% Informative
Intel 's revenue declined for a third straight quarter , decreasing 7% from a year earlier .
It's the chipmaker's first earnings report since announcing the departure of Pat Gelsinger as CEO.
Executives attributed the outlook to seasonality and competition, among other factors.
The company's net loss for the quarter totaled $126 million , or 3 cents per share, compared with $2.67 billion in the same quarter a year ago .
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