Intel stock is soaring today after Intel Corporation (NASDAQ:INTC) posted its third-quarter earnings, which saw revenue hit record levels and beat analysts’ expectations.
Intel reported earnings of $1.43 per share, compared with analysts’ expected figure of $1.24 per share. Revenue of $19.19 billion USD was a $27 million USD increase of last year’s figure, and also beat analysts’ predictions of $18.05 billion USD. There were a few weak points in Intel’s earnings, with a gross margin of 58.8%, down from 64.5% a year ago. Operating income was down 12% to $6.4 billion, while net income dropped ...
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