Intel Raises Guidance After Beating Profit, Sales Expectations
October 25 2018 - 3:45PM
Dow Jones News
By Micah Maidenberg
Intel Corp. (INTC) reported profits of $6.4 billion in the third
quarter, or $1.38 a share, as the chip maker reported another
quarter of strong demand from PC makers and for chips used in data
centers. Profits soared 42% compared with the year earlier.
Analysts polled by FactSet predicted Intel would earn $1.10 a
share for the period.
On an adjusted basis, the company reported a profit of $1.40,
surpassing the $1.15 a share analysts expected.
Sales rose 19% to $19.16 billion for the quarter. Analysts
forecasted $18.13 billion.
For the full year, Intel raised its forecast for sales to $71.2
billion from $69.5 billion previously. It now expects earnings per
share in 2018 of $4.52, versus $4.10 earlier.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
October 25, 2018 16:30 ET (20:30 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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