Intel Corp. (INTC) beat the Street's estimates when it
announced its third-quarter results last week. The company reported earnings
per share (EPS) of $0.58, beating the consensus estimate of $0.53. Revenue for
the quarter was $13.5 billion, which was in line with analysts' expectations.
In terms of its outlook for the fourth quarter, INTC announced
that it expects revenue to come in somewhere around the $13.7 billion mark,
while the Street expects fourth-quarter revenue of $14 billion.
CEO Brian Krzanich was upbeat about the company's
third-quarter performance and strategy execution: "We're executing on our
strategy to offer an increasingly broad and diverse product portfolio that
spans key growth segments. Read more.
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