Company News: Intel (INTC) Q3 results beat analysts’ expectations

Market news

26 October 2018

Company News: Intel (INTC) Q3 results beat analysts’ expectations

Intel (INTC) reported Q3 FY 2018 earnings of $1.40 per share (versus $1.01 in Q3 FY 2017), beating analysts' consensus estimate of $1.15.

The company's quarterly revenues amounted to $19.163 bln (+18.7% y/y), beating analysts' consensus estimate of $18.115 bln.

The company also issued upside guidance for Q4 FY 2018, projecting EPS of $1.22 (versus analysts' consensus estimate of $1.09) and revenues of ~$19 bln (versus analysts' consensus estimate of $18.39 bln).

INTC fell to $44.10 (-0.47%) in pre-market trading.

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