Intel shares plunged over 16% in after-hours trading after forecasting PC market slowdown to last at least until the first half of next year. According to Intel's official announcement, third-quarter revenue reached $16.5 billion, a 21% year-over-year increase; earnings per share attributable to Intel were $0.60, and non-GAAP earnings per share were $0.52. Intel expects fourth-quarter revenue to be between $15 billion and $16 billion, with earnings per share of $0.10 and non-GAAP earnings per share of $0.25. Intel CFO David Zinsner stated that third-quarter data center revenue saw its strongest growth in 15 years, but he expects the PC market slowdown to continue at least until the first half of next year. Following the earnings release, Intel (INTC) shares fell over 16% in after-hours trading.