Company News: Intel (INTC) quarterly results match analysts' estimates

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23 October 2020

Company News: Intel (INTC) quarterly results match analysts' estimates

Intel (INTC) reported Q3 FY 2020 earnings of $1.11 per share (versus $1.42 per share in Q3 FY 2019), in line with analysts’ consensus estimate of $1.11 per share.

The company’s quarterly revenues amounted to $18.333 bln (-4.5% y/y), roughly in line with analysts’ consensus estimate of $18.258 bln.

The company issued in-line guidance for Q4 FY 2020, projecting EPS of approx. $1.10 versus analysts’ consensus estimate of $1.08 and revenues of approx. $17.40 bln versus analysts’ consensus estimate of $17.39 bln.

INTC fell to $48.79 (-9.48%) in pre-market trading.

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