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.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
The recent optimism about economic recovery waned slightly this week after jobless claims increased more-than-expected to about 778,000 amid concerns over a resurgence in coronavirus cases. With the healthcare system
Yunji Inc. (NASDAQ: YJ) Q3 2020 earnings call dated Nov. 26, 2020 Corporate Participants: Kaye Liu -- Investor Relations Director Shanglue Xiao -- Chairman of the Board of Directors and Chief Executive Officer Chen
Amazon Web Services (AWS), a leading cloud computing platform, went down in the morning hours of Wednesday. Many applications – including Anchor, Adobe Spark, Flickr, SiriusXM and Roku reported disruption