Intel (INTC) earnings Q3 2022


Intel CEO Pat Gelsinger speaks during the Mobileye Global Inc. IPO at the Nasdaq MarketSite in New York on Oct. 26, 2022. Mobileye Global Inc., the self-driving technology company owned by Intel Corp., priced one of the biggest US initial public offerings of the year above its marketed range to raise $861 million.

Michael Nagle | Bloomberg | Getty Images

Intel shares moved as much as 7% higher in extended trading on Thursday after the chipmaker announced lower-than-expected earnings guidance for the full fiscal year but said it will deliver up to $10 billion in cost reductions and efficiency improvements.

Here’s how the company did:

  • Earnings: 59 cents per share, adjusted, vs. 32 cents per…

Source cnbc.com

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