Intel’s sales and profits fell in its latest quarter as weak personal-computer sales damped the market for its chips, and gains from surging interest in artificial intelligence remained elusive.
The company’s $14.2 billion in third-quarter sales were 8% below the year-earlier period but above Wall Street forecasts in a survey of analysts by FactSet. Net income of $310 million was sharply lower but also above expectations.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.
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