READ: Intel shareholders vote overwhelmingly (to no avail) against executive pay packages Intel posted a GAAP net loss of $454 million or $0.11 per share, compared to a profit of $5.1 billion or earnings per share of $1.24 in the year-ago quarter, representing a 109% drop. The company lowered its full-year revenue guidance to $65 billion to $68 billion from $76 billion but reiterated its prior adjusted free cash flow guidance of approximately $1 billion to $2 billion. Amid global challenges impacting the chip sector and declining demand for PCs, Intel CEO Pat Gelsinger attributed the earnings shortfall to the sudden and rapid decline in economic activity as well as to execution issues.