Investing.com - Intel (NASDAQ:INTC) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.42 on revenue of $19.19B. Analysts polled by Investing.com expected EPS of $1.23 on revenue of $18.02B. That compared to EPS of $1.4 on revenue of $19.16B in the same period a year earlier. The company had reported EPS of $1.06 on revenue of $16.51B in the previous quarter.
Intel shares gained 4.47% to trade at $54.51 in after-hours trade following the report.
Intel shares gained 4.47% to trade at $54.51 in after-hours trade following the report.
For the year, Intel shares are up 11.19%, under-performing the Nasdaq 100 which is up 28.52% year to date.
Intel follows other major Technology sector earnings this month
On Wednesday, Microsoft reported first quarter EPS of $1.38 on revenue of $33.06B, compared to forecasts of EPS of $1.24 on revenue of $32.14B.
Taiwan Semiconductor earnings beat analyst's expectations on Thursday, October 17, 2019, with third quarter EPS of $0.64 on revenue of $9.58B. Investing.com analysts expected EPS of $0.61 on revenue of $9.25B
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