Earnings Results: Intel stock sinks as earnings prompt questions about falling margins
Intel Corp. shares dropped in the extended session Thursday after the chip maker’s revenue and data-center sales fell just short of Wall Street estimates amid a big earnings beat but a lower-than-expected earnings and gross margins forecast.
Intel INTC shares, which were down about 7% in the extended session as the conference call with analysts began, were down 9% by the end of the call. Shares rose 1.1% in the regular session to close at $56.00.
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