Intel stock falls more than 22% after revenue forecast misses on PC weakness

What happened: Intel projected fourth-quarter revenue of $15 billion to $16 billion, below analyst expectations, and its stock fell more than 22%. Key numbers: Q4 revenue forecast $15 billion to $16 billion. Analysts expected $17 billion. Stock fell more than 22%. Why it matters: The forecast miss was tied to weakness in PCs, and the stock drop reflects how far the guidance fell short of what analysts had expected. Coverage: 5 outlets in 24h

Intel projected fourth-quarter revenue of $15 billion to $16 billion, below analyst expectations, and its stock fell more than 22%.

The forecast miss was tied to weakness in PCs, and the stock drop reflects how far the guidance fell short of what analysts had expected.