Intel's results beat estimates; forecast disappoints

Intel Corp reported better-than-expected quarterly earnings and revenue, boosted by improving PC demand and growth in its data centre and cloud businesses, but its revenue forecast for the current quarter disappointed Wall Street. Intel said it expects fourth-quarter revenue of $15.7 billion(£12.76 billion), plus or minus $500 million. Analysts on average were expecting $15.86 billion, according to Thomson Reuters I/B/E/S. "This is below the average seasonal increase for the fourth quarter