But the results were even better than expected, moving Intel's stock up $1.125 today to close at $35.75 in over-the-counter trading.
The stock was the most active issue in over-the-counter trading, with almost 5.3 million shares changed hands.
Its 18.7 percent decline was the second biggest in over-the-counter trading.
The stock closed the day at $6 a share, down $1.50, in over-the-counter trading.
Its close in over-the-counter trading yesterday was $29.875, down $1.
The news sent the company's stock up $6.50 a share, to $79, in over-the-counter trading.
Its shares rose $1 today, to $27.25, in over-the-counter trading, giving the company a current market value of more than $175 million.
Its stock has since fallen in over-the-counter trading from about $20 a share to less than $5.
The company's stock closed Friday at $55.50 a share in over-the-counter trading.
The company's stock fell $4 a share on the news, to $36, in over-the-counter trading.