Intel beat Wall Street analysts’ earnings expectations but still reported sinking revenue in its quarterly report earlier this week, prompting a pessimistic outlook for the chip giant’s fourth quarter. The company brought in earnings of $3.8 billion, or 58 cents per share, on revenue of $13.5 billion during the third quarter, compared with $14.2 billion the same time a year ago. Analysts had expected revenue of $13.23 billion and earnings of about 50 cents per share.
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No Near-Term Payoff for Intel's Consumer Ambitions
Posted by: Rachelle Dragani October 18, 2012 10:20 AMIntel beat Wall Street analysts’ earnings expectations but still reported sinking revenue in its quarterly report earlier this week, prompting a pessimistic outlook for the chip giant’s fourth quarter. The company brought in earnings of $3.8 billion, or 58 cents per share, on revenue of $13.5 billion during the third quarter, compared with $14.2 billion the same time a year ago. Analysts had expected revenue of $13.23 billion and earnings of about 50 cents per share.