Intel Q3 Results Top Estimates

(RTTNews) - Intel Corp. (INTC) reported net income for the third quarter of $3.3 billion or $0.66 per share, compared to $3.0 billion or $0.58 per share for the year-ago quarter.

Revenue for the third quarter rose 8% to $14.55 million from $13.48 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.65 per share on revenue of $14.45 billion for the third quarter.

Looking forward, the company forecasts fourth quarter revenue of $14.7 billion, plus or minus $500 million. Analysts currently expect the company to post revenue of $14.49 billion for the fourth quarter.

Gross margin for the fourth quarter is expected to be 64%, plus or minus a couple of percentage points.