Intel profit up 12%; beats the street

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Intel beat the street's estimates:

(Dow Jones) Intel Corp.'s (INTC) third-quarter net income grew 12% on higher sales and margins as the technology bellwether's results met Wall Street's expectations and its revenue view for the fourth quarter - traditionally the busiest for electronics makers - brackets analysts' estimate.
The company said, "Current uncertainty in global economic conditions makes it particularly difficult to predict product demand and other related matters and makes it more likely that Intel's actual results could differ materially from expectations."
Shares rose 5.4% to $16.78 in after-hours trading from the close of $15.93 Tuesday.
The world's largest computer-chip maker reported net income of $2.01 billion, or 35 cents a share, up from $1.79 billion, or 30 cents a share, a year earlier.
Analysts' estimates were for per-share earnings of 34 cents on revenue of $10.26 billion, according to a poll by Thomson Reuters.

I'm not usually much of a bull on tech, but like I said, tech may broadly beat the street's expectations for the previous quarter.
Also worth reading:Why Intel's earnings matter

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