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Shares of Intel (INTC) - Get Free Report  rose after the chipmaker posted better-than-expected earnings and raised guidance.

The stock was up 6.84% to $55.80 a share in postmarket trading, after having gained 0.99% in regular hours. 

Adjusted earnings per share for the third quarter came in at $1.42, beating Wall Street's estimates of $1.33 and rising 1% year-over-year. Revenue was $19.2 billion, beating analysts expectations of $18.048 billion. Revenue was flat year-over-year. 

Data center revenue was $6.4 billion, beating estimates of $5.6 billion. Client Computing revenue was $9.7 billion, against expectations of $9.59 billion. Internet of Things revenue was $1 billion, missing estimates of $1.124 billion. 

Management raised guidance to $71 billion for the full year of 2019 from an initial forecast of $69.5 billion. Intel expects 2019 EPS to be $4.42, up from a previous estimate of $4.40. 

"Our third-quarter financial performance underscores our progress as our data-centric businesses turned in their best performance ever, making up almost half our total revenue in a record quarter," said CEO Bob Swan. Our priorities are accelerating growth, improving our execution and deploying capital for attractive returns.We now expect to deliver a fourth record year in a row." 

The stock was up 11% for the year coming into earnings.