INTC Stock Tumbles After-Hours After Q3 PC Slump And Supply Bottlenecks Cloud Fourth-Quarter Guidance
Intel shares dropped sharply in late trading after the semiconductor giant issued a fourth-quarter revenue and profit outlook that fell well short of Wall Street estimates. Intel reported third-quarter revenue of $16.5 billion, up 21% year-over-year, and earnings of $0.52 per share, beating analyst consensus estimates. Despite solid data center growth, the company faced sliding … Read more