Intel Tops 3rd Quarter Street Estimates on Top and Bottom Lines
Intel posted third quarter earnings of $.66 a share on revenue of $14.6 billion. Wall Street analysts were looking for $0.65 on sales of $14.45 billion.
Intel posted third quarter earnings of $.66 a share on revenue of $14.6 billion. Wall Street analysts were looking for $0.65 on sales of $14.45 billion. Last year, the chipmaker earned $0.58 per share on revenue of $13.5 billion. As for details, operating income was $4.5 billion, up 30% year-over-year. Gross margin came in at 65% compared to 62% last year and the company also completed a $4.2 billion share repurchase. Furthermore, Intel said it was the first time it shipped more than 100 million microprocessors in a quarter. TheStreet's Gregg Greenberg has details from New York.
