Actionable news
0
All posts from Actionable news
Actionable news in INTC: Intel Corporation,

Intel shares wobbly after big earnings beat, raised outlook

Intel Corp INTC, +1.40% shares wobbled in the extended session Thursday after the chip giant beat Wall Street estimates for the quarter and raised its outlook for the year. Intel shares, which traded between slight gains and losses, were last up 0.6% at $41.60 after hours. The company reported third-quarter net income of $4.52 billion, or 94 cents a share, compared with $3.38 billion, or 69 cents a share, in the year-ago period. Adjusted earnings were $1.01 a share. Revenue rose to $16.15 billion from $15.78 billion in the year-ago period. Analysts surveyed by FactSet had estimated earnings of 80 cents a share on revenue of $15.72 billion. For the year, Intel raised its outlook and sees adjusted earnings of $3.25 a share on revenue of $62 billion. Analysts expect earnings of $3.01 a share on revenue of $61.39 billion.


More