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Intel Narrowly Beats On Q3 Earnings, But Shares Sink On Weak Datacenter Sales

Intel Narrowly Beats On Q3 Earnings, But Shares Sink On Weak Datacenter Sales
On Thursday, Intel reported third-quarter financial results, which showed revenue up over expectations but down year-over-year. However, Intel also noted a rather significant dip in datacenter revenue, which spooked investors. This information was enough to kick Intel shares into a slump since the report came out, dropping the stock price