Intel Corp. (NASDAQ: INTC) reported its third quarter financial results after the markets closed on Tuesday. The chip giant had $0.64 in earnings per share (EPS) on $14.5 billion in revenue compared to Thomson Reuters consensus estimates that call for $0.59 in EPS on $14.22 billion in revenue. The same period from the previous year had $0.66 in EPS on $14.55 billion in revenue.
The company gave fourth-quarter guidance of $14.8 billion in revenue, give or take $500 million, with an expected gross margin in the area of 62%. There is a consensus estimate of $14.83 billion in revenue for the fourth quarter.
During the quarter, Intel generated approximately $5.7 billion in cash from operations, paid dividends of $1.1 billion, and used $1.0 billion to repurchase 36 million shares of stock.
In the report the company gave a few business highlights as:
- Client Computing Group revenue of $8.5 billion, up…
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