Intel Corporation Q3 adjusted earnings Beat Estimates

(RTTNews) - Intel Corporation (INTC) released a profit for third quarter that declined from the same period last year.

The company's bottom line totaled $6.0 billion, or $1.35 per share. This compares with $6.4 billion, or $1.38 per share, in last year's third quarter.

Excluding items, Intel Corporation reported adjusted earnings of $6.3 billion or $1.42 per share for the period.

Analysts had expected the company to earn $1.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Revenue came in at $19.2 billion, equal to the mark posted in the same period last year.

Intel Corporation earnings at a glance:

-Earnings (Q3): $6.3 Bln. vs. $6.5 Bln. last year. -EPS (Q3): $1.42 vs. $1.40 last year. -Analysts Estimate: $1.24 -Revenue (Q3): $19.2 Bln vs. $19.2 Bln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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