Intel Falls Over 16% After Hours; Expects PC Market Slowdown to Last at Least Through First Half of Next Year

October 30: According to Intel's official announcement, Intel's third-quarter revenue was $16.5 billion, up 21% year over year; earnings per share attributable to Intel were $0.60, with non-GAAP earnings per share of $0.52. Intel expects fourth-quarter revenue of $15 billion to $16 billion, earnings per share of $0.10, and non-GAAP earnings per share of $0.25. Intel CFO David Zinsner said third-quarter data center revenue saw its strongest growth in 15 years, but he expects the PC market slowdown to last at least through the first half of next year. After the earnings release, Intel (INTC) fell more than 16% in after-hours trading.