INTC Intel Corporation

By Tess Stynes 

Intel Corp. said its third-quarter earnings fell 6.3% amid weak demand for personal computers.

The semiconductor giant's shares, up 1.8% over the past year, added 6 cents to $32.10 in recent after-hours trading

For the current fourth quarter, the company forecast revenue of $14.8 billion, plus or minus $500 million. Analysts polled by Thomson Reuters expected revenue of $14.83 billion.

The Santa Clara, Calif., company's biggest business remains chips that power PCs, a sector that continued to struggle in the latest quarter, with IDC and rival Gartner both reporting that shipments declined in the period and received little help from the release of Microsoft Corp.'s new Windows 10 operating system.

Buyers also may be putting off purchases until the arrival of PCs built with Skylake, a long-awaited overhaul of Intel's flagship Core line of microprocessors, which aren't expected to reach many consumers until later this fall.

Overall, Intel reported a profit of $3.11 billion, or 64 cents a share, down from $3.32 billion, or 66 cents a share, a year earlier. Revenue decreased slightly to $14.47 billion from $14.55 billion.

Analysts polled by Thomson Reuters expected per-share profit of 59 cents and revenue of $14.22 billion. The semiconductor giant in July projected revenue of $14.3 billion, plus or minus $500 million.

Gross margin fell to 63% from 65%.

Write to Tess Stynes at tess.stynes@wsj.com

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(END) Dow Jones Newswires

October 13, 2015 16:23 ET (20:23 GMT)

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