Intel Corporation (NASDAQ: INTC) reported third quarter 2020 earnings results today.
Revenue fell 4% year-over-year to $18.3 billion.
GAAP net income decreased 29% to $4.3 billion while EPS dropped 25% to $1.02. Adjusted EPS fell 22% to $1.11.
For the fourth quarter of 2020, Intel expects revenues of approx. $17.4 billion, GAAP EPS of $1.02 and adjusted EPS of $1.10.
For full-year 2020, revenues are estimated to be approx. $75.3 billion while GAAP EPS is projected to be $4.55 and adjusted EPS is expected to be $4.90.
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