Intel Earnings Headed for Largest-Ever Loss Amid PC Slump

Intel Corp. is expected to report its largest-ever quarterly loss Thursday, driven by a sharp fall in personal-computer sales and rising competition.

Sales are expected to fall to a low not seen since 2010, with Wall Street expecting Intel to post revenue of $11 billion for the first quarter, according to analysts surveyed by FactSet. That would represent a 40% decline from the prior-year period.