Intel Corp (NASDAQ:INTC). posted a net loss of $664 million, or $0.16 per share, for the October-December quarter, compared to net income of $4.62 billion, or $1.13 per share, for the fourth quarter of the previous year.

Earnings excluding restructuring charges and other one-time factors came in at $0.1 per share, with a consensus forecast of $0.21 per share from experts surveyed by FactSet, the company said in a press release.

Intel’s quarterly revenue fell 32% to $14.04 billion, down from $20.52 billion a year earlier. Analysts on average had forecast the figure at $14.49 billion.

The quarterly revenue of the Client Computing Group (CCG, including the production of processors for PCs), the largest for the company, fell by 36% to $6.6 billion (market forecast – $7.36 billion).

At the same time, the Data Center and AI (DCAI) division, focused on solutions for data centers and artificial intelligence, reduced revenue by 33% to $4.3 billion. The result was also worse than the average analysts’ forecast of $4.08 billion.

Intel’s revenue in the segment of network and peripheral solutions decreased by 1% to $2.1 billion (forecast – $2.23 billion).

According to the company’s forecast, in the first quarter of this year, its adjusted loss will be $0.15 per share on revenue of $10.5-11.5 billion. Experts surveyed by FactSet, on average, expect Intel to have adjusted earnings of $0.25 per share and revenue of $13.93 billion.

Intel CEO Pat Gelsinger declined to give a full-year outlook, noting, among other things, macroeconomic uncertainty and a downturn in the data center equipment market.

Intel shares fell 9.7 percent in additional trading Thursday. Their value has fallen 37% over the past 12 months.