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.

Intel Q3 2021 earnings infographic

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

  • Intel reports Q3 2020 earnings results

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

Take-Two Interactive (TTWO) Q4 earnings decline, revenue up 11%

Gaming company Take-Two Interactive Software, Inc. (NASDAQ: TTWO) announced fourth-quarter 2022 results Monday after the closing bell, reporting an 11% revenue growth. Fourth-quarter revenues rose to $930.0 million from $839.4

Pinterest (PINS): Here are a few points to keep in mind if you have an eye on this stock

Shares of Pinterest Inc. (NYSE: PINS) stayed in green territory on Monday. The stock has dropped 40% year-to-date and 62% in the past 12 months. There is a mixed sentiment

Stock Watch : Here’s What You Need to Know before investing in Kellogg (K)

Food companies have performed better than most other sectors during the pandemic as government restrictions forced people to cook at home. Investors, in general, find the stocks of such companies

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top