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Intel Stock Slides Over 11% Following Q3 Earnings and Downgrades

1 month ago   |   By FXCM

By Sam Boughedda
Investing.com - Intel Corporation stock has fallen as much as 11.8% on Friday to levels not seen since January.
The lower open was in reaction to the company's third-quarter earnings. While it posted relatively stable numbers, the company's revenue and data center sales fell short. It also warned that its gross margin and free cash flow would fall over the next two to three years as it invests in research and development and builds new factories.
Intel shares fell around 8% after hours Thursday and opened up Friday at $50.39 but are now trading around the $49.38 level.
Its...
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