Intel reports Q3 revenue, earnings; beats forecasts

Intel reports Q3 revenue, earnings; beats forecasts

On Thursday, Intel, the US-based chipmaker, reported quarter three revenue, earnings that beat the experts’ predictions. The firm posted revenue of $18.33 billion and earnings per share of $1.11 as compared to predicted revenue and earnings per share of $18.22 billion and $1.1, respectively. 

 

Intel shares are currently trading at $53.98, plunging 9% since the start of 2020, down from its 52 weeks high point. The company stock is performing below the US index Dow Jones, which has slumped 0.61$ from the start of 2020.

 

The company follows the footsteps of US conglomerate, Danaher, which reported third-quarter reports on Thursday. Danaher posted $5.88 billion revenue and EPS of $1.72 in comparison to forecasted $5.51 billion and EPS of $1.36. 

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