Categories AlphaGraphs, Earnings, Technology
Intel (INTC) Earnings: Q3 profit tops expectations amid strong chip demand
Intel Corporation (NASDAQ: INTC) Thursday reported higher revenues and earnings for the third quarter of 2021. The bottom-line also came in above estimates.
Revenues increased 5% annually to $19.2 billion in the September quarter as the COVID-driven digital transformation lifted the demand for chips. On an adjusted basis, revenues were $18.1 billion.
Adjusted earnings moved up to $1.71 per share from $1.08 per share in the third quarter of 2020 and beat the estimates. Net income was $6.8 billion or $1.67 per share, compared to $4.3 billion or $1.02 per share last year.
Read management/analysts’ comments on Intel’s Q3 results
Shares of Intel lost about 13% in the past six months. They declined on Thursday evening immediately following the earnings announcement, after closing the regular session higher.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
