Intel Shares Fall Most Since July After Forecasting Surprise Loss

Intel Corp. fell the most since July after giving one of the gloomiest quarterly forecasts in its history.

(Bloomberg) — Intel Corp. fell the most since July after giving one of the gloomiest quarterly forecasts in its history.

The shares declined 10% in early trading Friday in New York. The company late Thursday predicted a surprise loss in the current period and a sales range that missed analysts’ estimates by billions of dollars, the result of a personal-computer slump that has ravaged the chipmaker’s business. At the low end of Intel’s projections, revenue would be the smallest quarterly total since 2010.

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