: Intel stock rallies on raised outlook, earnings beat for server and PC sales

Intel Corp. shares walked back healthy gains in the extended session Thursday after the chip giant said it will be another year before chips using its next-generation manufacturing process arrive, and margins will take a hit.

Intel INTC, +4.46% shares surged as much as 6% in after-hours trading after the chip maker raised its outlook for the year and soundly beat Wall Street estimates in its largest business segments. The stock dropped to a loss, though, toward the end of a conference call as Intel executives discussed 10-nanometer chips and their effect on margins, and were last up 1%.

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