Intel Corp. revenue fell by nearly a third year-over-year in the fourth quarter, delivering the chip giant a loss as it continued to suffer from dismal PC and data-center markets.
Intel shares fell on the news, reported after markets closed on Thursday, and were down more than 8% in the first hour of after-hours trading.The company reported a $664 million loss in the quarter ended Dec. 31, as sales fell 32% to $14 billion. Wall Street had been expecting a loss of $278 million on sales of about $14.5 billion.
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