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Intel stock falls despite earnings beat, as data-center sales slump more than 20% – MarketWatch

CEO Gelsinger says Intel will ‘fight for every socket’ in the competitive data-center market

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Intel Corp. shares fell in the extended session Thursday despite a big earnings beat and a raised annual forecast, as a large dip in data-center sales was papered over by strength in sales of personal computers and a departing memory business.Intel
INTC,
-1.77%
shares fell about 2.5% in after-hours trading, following a 1.8% decline in the regular session to close at $62.57. Intels data-center group saw revenue fall more than 20% to $5.56 billion, while analysts surveyed by FactSet expected $5.89…

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