Intel slides after reporting decline in quarterly earnings

Intel Inc. shares fell Wednesday after the semiconductor company reported lower earnings in the third quarter on the back of weak demand for personal computers. Intel said late Tuesday its earnings fell 6.3% to $3.11 billion, or 64 cents a share, on revenue of $14.47 billion. Shares of Intel were off 2.1% to $31.38. The stock is down nearly 14% year to date.

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