Earnings

Intel (INTC) earnings report Q3 2023

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Signage outside Intel headquarters in Santa Clara, California, on Monday, Jan. 30, 2023.

David Paul Morris | Bloomberg | Getty Images

Intel shares rose about 7% in after-hours trading after the company reported third-quarter earnings on Thursday that beat expectations for profit and sales, even as its revenue declined from the year-earlier period.

Here’s how Intel did versus LSEG (formerly Refinitiv) consensus expectations for the quarter ended Oct. 1:

  • Earnings per share: 41 cents, adjusted, versus 22 cents expected
  • Revenue: $14.16 billion versus $13.53 billion expected

For the fourth quarter, Intel expects earnings of 23 cents per share, adjusted, on revenue of $14.6 billion and $15.6…



Source cnbc.com

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