Reported about 13 hours ago
Intel's stock rose over 4% after reporting third-quarter earnings that surpassed analyst expectations, with an adjusted EPS of $0.23 and revenue of $13.65 billion, exceeding the anticipated $13.15 billion. However, the company's fourth-quarter guidance projects an adjusted EPS of $0.08 and revenue of $13.3 billion, slightly below expectations. Despite challenges in its manufacturing segment, CEO Lip Butan highlighted growth opportunities driven by AI demand.
Source: YAHOO