Intel's forecast misses on slowing China, data centre; shares tumble
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(Reuters) - Intel Corp forecast current-quarter revenue and profit below analysts' estimates and missed on fourth-quarter sales expectations on Thursday, hit by a slowdown in China and sluggish demand for its data centre and modem chips. The company's shares fell 7.7 percent in extended trading and also undid part of a chip stock rally earlier in the day following better-than-feared quarterly results from a clutch of companies such as Texas Instruments Inc, Xilinx Inc and Lam Research..